Privatization in Romania – A Challenge both For the Government and For the Companies

Bogdan Sticlosu ()
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Bogdan Sticlosu: University of Craiova, Romania

REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, 2015, vol. 16, issue 3, 409-416

Abstract: The privatization in Romania was conceived as an extended program, including on one side a free component and on the other side selling block shares to interested investors. The positive aspect of this process, undoubtedly, is represented by the privatization of the economic activity, with direct measurable result in the increase of its contribution to the GDP. The privatization process was conducted in parallel with the establishment of the capital market that played the role of an accelerator that transmitted the information to possible investors from the company equally with the transmission of information toward the company from the investors. However, excepting the last 3 years, this method has been underused unlike traditional methods. The results obtained following the calling of this method have been positive, with little exceptions when deficiencies wave been registered, while preparing the listing.

Keywords: privatization; MEBO; investors; listing; recovery. (search for similar items in EconPapers)
JEL-codes: H13 M16 O11 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:rom:rmcimn:v:16:y:2015:i:3:p:409-416

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