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Policies for Restructuring of the State Firms in Sector Water Supply and Sewage

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  • Spartak Keremidchiev

Abstract

The paper presents results from a complex study of the past restructuring of water and waste water sector companies. The degree and scope of defensive and strategic restructuring, as well as the main impediments associated with this process are revealed for the state-owned companies. Main policy principles for further restructuring are elaborated and proposed. The starting point in designing the principles and recommendations is that the restructuring has to lead to fast adjustment to the market conditions and to improve quality of provided services. Initiatives for establishing and carrying out policy for restructuring of state-owned companies from this sector are elaborated at government and company level.

Suggested Citation

  • Spartak Keremidchiev, 2008. "Policies for Restructuring of the State Firms in Sector Water Supply and Sewage," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 66-111.
  • Handle: RePEc:bas:econst:y:2008:i:3:p:66-111
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    References listed on IDEAS

    as
    1. Andrzej Bratkowski & Irena Grosfeld & Jacek Rostowski, 2000. "Investment and Finance in "de novo" private firms: Empirical Results from the Czech Republic, Hungary and Poland," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 8(1), pages 101-116, March.
    2. Dutz, Mark A. & Vagliasindi, Maria, 2000. "Competition policy implementation in transition economies: An empirical assessment," European Economic Review, Elsevier, vol. 44(4-6), pages 762-772, May.
    3. Andrzej Bratkowski & Irena Grosfeld & Jacek Rostowski, 2000. "Investment and Finance in "de novo" private firms: Empirical Results from the Czech Republic, Hungary and Poland," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 8(1), pages 101-116, March.
    4. Josef C. Brada, 1998. "Management 101: Behavior of Firms in Transition Economies," William Davidson Institute Working Papers Series 133, William Davidson Institute at the University of Michigan.
    5. Boeri, Tito, 1997. "Labour-Market Reforms in Transition Economies," Oxford Review of Economic Policy, Oxford University Press, vol. 13(2), pages 126-140, Summer.
    6. Josef C. Brada, 1990. "Introduction," Eastern European Economics, Taylor & Francis Journals, vol. 28(4), pages 3-6, July.
    7. Roman Frydman & Cheryl Gray & Marek Hessel & Andrzej Rapaczynski, 1999. "When Does Privatization Work? The Impact of Private Ownership on Corporate Performance in the Transition Economies," The Quarterly Journal of Economics, Oxford University Press, vol. 114(4), pages 1153-1191.
    8. Simeon Djankov, 1999. "Ownership Structure and Enterprise Restructuring in Six Newly Independent States," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 41(1), pages 75-95, April.
    9. Grosfeld, Irena & Roland, Gérard, 1995. "Defensive and Strategic Restructuring in Central European Enterprises," CEPR Discussion Papers 1135, C.E.P.R. Discussion Papers.
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    More about this item

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • P31 - Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions
    • L95 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Gas Utilities; Pipelines; Water Utilities
    • L98 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Government Policy

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