Hoff, Karla (contributor); Stiglitz, Joseph E. (contributor) - 2002 - [Elektronische Ressource]
. Knowledge that property rights will be well established in
the future may exacerbate the pillage today; and by the same token … outside ownership
was so dispersed, management exercised effective control in most employee-owned firms
(Frydman et al. 1996 … governance, and no rules to make management teams contestable.
The president could rule by decree. In 1995-96, Russia adopted …