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Corporate governance and residual state property (two qualitative shortcomings of privatization in transition countries)


  • Wladimir Andreff


The privatization in transition countries generated distorsions. Among the most dangerous distorsions are those introduced by a non legal or criminal privatization of management with the help of former or new informal networks connecting managers to the irregular economy and to some extent to the mafia. State regulation is required to control again monopoly power in privatized utilities and sectors where private stakes have won privileged position. It should be better to recognize the unavoidable role of the state in economic restructuring and use its intervention as a complementary - rather than an antagonistic - tool of the economic transition.

Suggested Citation

  • Wladimir Andreff, 2000. "Corporate governance and residual state property (two qualitative shortcomings of privatization in transition countries)," Prague Economic Papers, University of Economics, Prague, vol. 2000(1).
  • Handle: RePEc:prg:jnlpep:v:2000:y:2000:i:1:id:61

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    Cited by:

    1. Wladimir Andreff, 2004. "Would a Second Transition Stage Prolong the Initial Period of Post-socialist Economic Transformation into Market Capitalism?," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 1(1), pages 7-31, June.


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