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Corporate Governance during and after Privatization: the Lessons from Hungary

Peter Mihalyi

Chapter 9 in Privatization, Corporate Governance and the Emergence of Markets, 2000, pp 139-154 from Palgrave Macmillan

Abstract: Abstract This chapter traces the evolution of enterprise governance over the past 10 years. Using the language of Stark (1992, 1996b) we reject the ‘starting from scratch’ approach in which privatization is portrayed as a new world being built on the ruins of communism. For us transformation resembles more a bricolage of rebuilding with the ruins. Instead of thinking about organizational innovation only as a replacement, we see reconfigurations and rearrangements of existing institutional elements. Thus the analysis below takes as its point of departure that the changes in enterprise governance — as well as in privatization and transition in a broader sense — are marked by path dependence.

Keywords: Corporate Governance; Initial Public Offering; Privatization Process; Strategic Investor; Enterprise Governance (search for similar items in EconPapers)
Date: 2000
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DOI: 10.1057/9780230286078_9

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