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Ownership and Control Structures in Transition to "Crony” Capitalism: The Case of Bulgaria

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  • Evgeni Peev

Abstract

The transformation of the Bulgarian economy has been hampered by a process of privatization that created crony capitalism, which is characterized by the lack of appropriate capital market institutions and by ownership objectives and behaviors that are inappropriate to a market economy. How such forms of ownership developed and how they hamper the development of a true market economy in Bulgaria are discussed.Some policies for creating better ownership forms are also examined.

Suggested Citation

  • Evgeni Peev, 2002. "Ownership and Control Structures in Transition to "Crony” Capitalism: The Case of Bulgaria," Eastern European Economics, Taylor & Francis Journals, vol. 40(5), pages 73-91, September.
    • Handle: RePEc:mes:eaeuec:v:40:y:2002:i:5:p:73-91
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    Cited by:

    1. Dragan Tevdovski & Joana Madjoska & Petar Jolakoski & Branimir Jovanovic & Viktor Stojkoski, 2022. "Firm Profits and Government Activity: An Empirical Investigation," Croatian Economic Survey, The Institute of Economics, Zagreb, vol. 24(1), pages 43-82, June.
    2. Daniele Girardi & Roberto Veneziani & Susanne Wengle, 2023. "Great expectations: a tale of two transitions," Working Papers 968, Queen Mary University of London, School of Economics and Finance.
    3. Raúl de Arriba Bueno, 2006. "Private or Market Economy in Bulgaria? An Institutional Approach to the Bulgarian Transition," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 71-89.
    4. Alexandra Gerbasi & Dominika Latusek, 2015. "Trust-building in international business ventures," Post-Print hal-01137667, HAL.
    5. Belev, Boyan, 2003. "Institutional investors in Bulgarian corporate governance reform: obstacles or facilitators?," Journal of World Business, Elsevier, vol. 38(4), pages 361-374, November.
    6. Alexandra Gerbasi & Dominika Latusek, 2015. "Trust-building in international business ventures," Grenoble Ecole de Management (Post-Print) hal-01137667, HAL.

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