Ownership and Corporate Governance in the Hungarian Large Enterprise Sector
Éva Voszka
Chapter 7 in Corporate Governance in a Changing Economic and Political Environment, 2003, pp 170-194 from Palgrave Macmillan
Abstract:
Abstract The privatization of post-socialist economies, including the transfer of state assets to other proprietors, new start-ups, and greenfield investments, has produced a wide variety of ownership structures in Central and Eastern Europe (CEE). One of the main questions discussed in recent years concerns the basic characteristics of post-socialist ownership. Are the new structures unique as compared to recent Western market economies, as several researchers argue (Stark, 1996; Earle and Estrin, 1997; Andreff, 1998)? Is the dominant form some kind of recombinant property, that is, a mixture of state and private ownership, dominated by interorganizational (corporate) shareholders (Stark, 1996; Stark and Kemény, 1997)? Or do we face a model of managerial capitalism, as Szelényi et al. (1996) suggest?
Keywords: Corporate Governance; Ownership Structure; State Ownership; Supervisory Board; Ownership Type (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-0-230-28619-1_7
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DOI: 10.1057/9780230286191_7
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