Privatization in Transition Countries: Lessons From the First Decade

Released on by Oleh Havrylyshyn
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  • Privatization in Transition Countries: Lessons From the First Decade Book Detail

  • Author : Oleh Havrylyshyn
  • Release Date : 1999-09-06
  • Publisher : International Monetary Fund
  • Genre : Privatisierung
  • Pages : 24
  • ISBN 13 :
  • File Size : 42,42 MB
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Privatization in Transition Countries: Lessons From the First Decade by Oleh Havrylyshyn PDF Summary

Book Description: The authors' view is that any privatisation is better than none, regardless of whether a stable, competitive environment has been established first. However, private companies started from scratch perform best, followed by newly privatised firms run by outsiders, either local or foreign. Privatised companies dominated by insiders do less well, but even they regularly outperform state enterprises. Without an appropriate market environment though, managers may spend more time lobbying the government for support than undertaking painful restructuring measures.

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Privatization in Transition Countries

Privatization in Transition Countries

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This paper reviews a selection of studies on privatization experiences in transition countries. Empirical studies almost invariably show privatized enterprises