Post-Privatization Enterprise Restructuring

Morris Bornstein

No 327, William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan

Abstract: Post-privatization restructuring of former state-owned enterprises (FSOEs) encompasses both shorter-run "defensive" actions and longer-run "strategic" measures. Restructuring involves changes in corporate governance, organizational structure, management, labor, capital, technology, output, and sales. Various performance indicators may measure the results of restructuring, but care is required in the selection and interpretation of indicators. In the restructuring of FSOEs foreign strategic investors have many advantages over domestic investors. The study includes examples from experience in the Czech Republic, Hungary, and Poland.

Keywords: privatization; corporate governance; enterprise restructuring; performance indicators; foreign direct investment (search for similar items in EconPapers)
JEL-codes: F23 G34 L33 P31 (search for similar items in EconPapers)
Pages: pages
Date: 2000-07-01
New Economics Papers: this item is included in nep-ifn
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Citations: View citations in EconPapers (5)

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