Three Measures of Corporate Restructuring in a Transition Economy: The Case of Newly Privatised Romanian Companies
AbstractThis article analyses the restructuring of newly privatised Romanian firms by focusing on three microeconomic variables. Changes in the number of personnel, the volume of fixed assets and the level of research and development are analysed in connection with measures of ownership structure and concentration. Overall, the evidence presented suggests that institutional (possibly foreign) outside stakeholders are more likely to foster restructuring and increase the likelihood of survival of newly privatised firms in Eastern Europe.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Post-Communist Economies.
Volume (Year): 13 (2001)
Issue (Month): 1 ()
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Munich Reprints in Economics
19889, University of Munich, Department of Economics.
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University of Chicago - George G. Stigler Center for Study of Economy and State
85, Chicago - Center for Study of Economy and State.
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