In this article I discuss the complex relationship among privatization, company restructuring after privatization, and corporate performance in Hungary during the first nine years of the transition. The analysis is based on two large samples of the Hungarian companies. The first group embraces...

The task of turning the state-owned assets of the Eastern European countries over to private ownership is one of the most challenging of our time, both intellectually and in practical terms.

This important book provides a comprehensive analysis of the impact of privatization on the economic performance of companies in Central and Eastern Europe. It sheds new light on the achievements and shortcomings of the privatization process and draws out lessons for the future.