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Privatisation, Politics, and Economic Performance in Hungary

Author

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  • Antal-Mokos,Zoltan

Abstract

Why do some privatisations apparently fail to produce expected positive results? Economic theory tells us that privatisation should improve efficiency, but this book, originally published in 1998, suggests that political bargaining in the process of privatisation works against the results we expect to achieve. To gain a better understanding of what privatisation is really about, power at a firm level needs to be understood. Privatisation is a gradually unfolding, evolutionary process, often with defective corporate governance. Politicking can take priority over performance, with the result that efficiency is ignored and profitability is affected. This is a comprehensive book on privatisation which focuses on micro-level behavioural issues and it uses exceptionally rich case evidence to illustrate that privatisation is more about politics than performance.

Suggested Citation

  • Antal-Mokos,Zoltan, 1998. "Privatisation, Politics, and Economic Performance in Hungary," Cambridge Books, Cambridge University Press, number 9780521593397.
    • Handle: RePEc:cup:cbooks:9780521593397
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    Citations

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    Cited by:

    1. Róna-Tas, Ákos, 2002. "Economic sociology in Europe: Hungary," economic sociology. perspectives and conversations, Max Planck Institute for the Study of Societies, vol. 3(2), pages 32-39.
    2. Saul Estrin & Klaus E. Meyer, 2011. "Brownfield Acquisitions," Management International Review, Springer, vol. 51(4), pages 483-509, August.
    3. Blazejewski, Susanne & Dorow, Wolfgang, 2003. "Managing organizational politics for radical change: the case of Beiersdorf-Lechia S.A., Poznan," Journal of World Business, Elsevier, vol. 38(3), pages 204-223, August.
    4. Nikolaos Antonakakis & Gabriele Tondl, 2011. "Do determinants of FDI to developing countries differ among OECD investors? Insights from Bayesian Model Averaging," FIW Working Paper series 076, FIW.
    5. repec:dgr:rugsom:04g26 is not listed on IDEAS
    6. Bevan, Alan & Estrin, Saul & Meyer, Klaus, 2004. "Foreign investment location and institutional development in transition economies," International Business Review, Elsevier, vol. 13(1), pages 43-64, February.
    7. Yusaf H. Akbar & Sonia Ferencikova, 2007. "Industrial Clustering and Global Value Chains in Central and Eastern Europe: Role of Multinational Enterprises in Industrial Upgrading," Prague Economic Papers, Prague University of Economics and Business, vol. 2007(3), pages 237-251.
    8. Klaus E. Meyer & Enese Lieb‐Dóczy, 2003. "Post‐Acquisition Restructuring as Evolutionary Process," Journal of Management Studies, Wiley Blackwell, vol. 40(2), pages 459-482, March.
    9. Stoian, Carmen & Filippaios, Fragkiskos, 2008. "Dunning's eclectic paradigm: A holistic, yet context specific framework for analysing the determinants of outward FDI: Evidence from international Greek investments," International Business Review, Elsevier, vol. 17(3), pages 349-367, June.
    10. Witteloostuijn, Adriaan van & Dikova, Desislava, 2005. "Acquisition versus greenfield foreign entry : diversification mode choice in Central and Eastern Europe," Research Report 04G26, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    11. Klaus E. Meyer & Modestas Gelbuda, 2006. "Process perspectives in international business research in CEE," Management International Review, Springer, vol. 46(2), pages 143-164, March.
    12. Gerald A. McDermott, 2000. "Network Restructuring and Firm Creation in East-Central Europe: A Public-Private Venture," William Davidson Institute Working Papers Series 361, William Davidson Institute at the University of Michigan.
    13. Jingtao Yi & Yan Chen & Chengqi Wang & Mario Kafouros, 2015. "Spillover Effects of Foreign Direct Investment: How do Region-Specific Institutions Matter?," Management International Review, Springer, vol. 55(4), pages 539-561, August.

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