Enterprise Restructuring in Transition: A Quantitative Survey

Simeon Djankov and Peter Murrell

No 3319, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: We survey the empirical literature analysing the process of enterprise restructuring in transition economies. The survey provides new insights into the relative effectiveness of different reform policies, and into how this effectiveness varies across regions. We study the effects of privatization, the importance of different types of owners, the effects of foreign and domestic competition, the consequences of soft budgets, and the role of managerial incentives and managerial human capital, on enterprise restructuring.

Keywords: Competition; Institutions; Managers; Transition; Restructuring; Privatisation; soft-budgets (search for similar items in EconPapers)
JEL-codes: L10 L33 O12 P00 (search for similar items in EconPapers)
Date: 2002-04
New Economics Papers: this item is included in nep-geo and nep-tra
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Citations: View citations in EconPapers (643)

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