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Privatization in Romania – A Challenge both For the Government and For the Companies

Author

Listed:
  • Bogdan STICLOSU

    (University of Craiova, Romania)

Abstract

The privatization in Romania was conceived as an extended program, including on one side a free component and on the other side selling block shares to interested investors. The positive aspect of this process, undoubtedly, is represented by the privatization of the economic activity, with direct measurable result in the increase of its contribution to the GDP. The privatization process was conducted in parallel with the establishment of the capital market that played the role of an accelerator that transmitted the information to possible investors from the company equally with the transmission of information toward the company from the investors. However, excepting the last 3 years, this method has been underused unlike traditional methods. The results obtained following the calling of this method have been positive, with little exceptions when deficiencies wave been registered, while preparing the listing.

Suggested Citation

  • Bogdan STICLOSU, 2015. "Privatization in Romania – A Challenge both For the Government and For the Companies," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 16(3), pages 409-416, July.
    • Handle: RePEc:rom:rmcimn:v:16:y:2015:i:3:p:409-416
    as

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    File URL: https://rmci.ase.ro/no16vol3/10.pdf
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    References listed on IDEAS

    as
    1. Mr. Oleh Havrylyshyn & Mr. Donal McGettigan, 1999. "Privatization in Transition Countries: A Sampling of the Literature," IMF Working Papers 1999/006, International Monetary Fund.
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    More about this item

    Keywords

    privatization; MEBO; investors; listing; recovery.;
    All these keywords.

    JEL classification:

    • H13 - Public Economics - - Structure and Scope of Government - - - Economics of Eminent Domain; Expropriation; Nationalization
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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