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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- Maxim Boycko & Andrei Shlelfer & Robert Vishny, 1993.
University of Chicago - George G. Stigler Center for Study of Economy and State
85, Chicago - Center for Study of Economy and State.
- Monika Schnitzer, 1999.
"On the Role of Bank Competition for Corporate Finance and Corporate Control in Transition Economies,"
Journal of Institutional and Theoretical Economics (JITE),
Mohr Siebeck, Tübingen, vol. 155(1), pages 22-, March.
- Schnitzer, Monika, 1998. "On the Role of Bank Competition for Corporate Finance and Corporate Control in Transition Economies," CEPR Discussion Papers 2013, C.E.P.R. Discussion Papers.
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