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Privatization and Efficient Corporate Governance in Post-Transition Economies

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  • Matjaz Nahtigal

    (University of Primorska, Slovenia)

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    Abstract

    The key lessons of mass privatization implemented in Central and Eastern Europe are analyzed and presented in this paper. What are the necessary regulatory, institutional and social ingredients which provide incentive for successful restructuring of the firms in transition and what are the essential impediments which may burden the efforts of restructuring? The discussion will be presented on the comparative institutional basis and will try to provide some of the answers as to how to provide a more stimulating institutional environment for future economic development in the context of Europeanization and globalization.

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    Bibliographic Info

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    This chapter was published in: Matjaz Nahtigal , , pages 1199-1212, 2011.

    This item is provided by University of Primorska, Faculty of Management Koper in its series MIC 2011: Managing Sustainability? Proceedings of the 12th International Conference, Portorož, 23–26 November 2011 [Selected Papers] with number 1199-1212.

    Handle: RePEc:mgt:micp11:1199-1212

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    Web page: http://www.fm-kp.si/zalozba/ISBN/978-961-266-113-7.htm
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    Related research

    Keywords: privatization; improvements of corporate governance; regulatory legal framework; transition and post-transition economies;

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    1. Kolodko, G-W & Nuti, D-M, 1997. "The Polish Alternative. Old Myths, Hard Facts and New Strategies in the Successful Transformation of the Polish Economy," Research Paper 33, World Institute for Development Economics Research.
    2. Saul Estrin & Jan Hanousek & Evzen Kocenda & Jan Svejnar, 2009. "The Effects of Privatization and Ownership in Transition Economies," Journal of Economic Literature, American Economic Association, vol. 47(3), pages 699-728, September.
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