Three Measures of Corporate Restructuring in a Transition Economy: The Case of Newly Privatised Romanian Companies
This 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.
Volume (Year): 13 (2001)
Issue (Month): 1 ()
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- 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 1-22, March.
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- Schnitzer, Monika, 1999. "On the Role of Bank Competition for Corporate Finance and Corporate Control in Transition Economies," Munich Reprints in Economics 19889, University of Munich, Department of Economics.
- Schnitzer, Monika, 1999. "On the role of bank competition for corporate finance and corporate control in transition economies," Munich Reprints in Economics 19899, University of Munich, Department of Economics.
- Boycko, Maxim & Shleifer, Andrei & Vishny, Robert W., 1994. "Voucher privatization," Journal of Financial Economics, Elsevier, vol. 35(2), pages 249-266, April.
- Maxim Boycko & Andrei Shlelfer & Robert Vishny, 1993. "Voucher Privatization," 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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