Author: | Pavlinek, P. |
Title: | Domestic Privatisation and its Effects on Industrial Enterprises in East-Central Europe: Evidence from the Czech Motor Component Industry |
Journal: | Europe-Asia Studies
2002 : NOV, VOL. 54:7, p. 1127-1150 |
Index terms: | PRIVATIZATION MANUFACTURING INDUSTRY EASTERN EUROPE CZECH REPUBLIC MOTOR COMPONENTS INDUSTRY |
Language: | eng |
Abstract: | This article considers whether neoliberal assumptions about fast and mass privatisation strategies that drove practical privatisation policies in former Czechoslovakia in the early 1990s delivered the expected results in the motor component industry. The most important question the article investigates is whether domestic privatisation has led to effective enterprise restructuring. A number of empirical studies have tried to investigate the effects of Czech privatisation strategies on enterprise restructuring and corporate governance. Gray (1996), for example, concluded that well designed voucher privatisation may best meet the objectives of feasibility, governance, fairness and institution building. |
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