In this paper we try to explain some restructuring patterns of Czech textile and clothing industries from a microeconomic point of view. We introduce two measures of production efficiency (the technical and the allocative efficiency) and look at changes in the behaviour of enterprises. In 1994,...

We conduct a case study of the role of organized labor in the restructuring experience of two coal mining regions in the 1990's: Ostrava in the Czech Republic and Jiu Valley in Romania. Under similar external circumstances, the Ostrava region undertook gradual restructuring from early on whereas...

Restructuring of large industrial holdings in the Czech Republic (S-firms) depends on probes into new markets. The development and financing of probes generates internal holdups and stalemates among the government, banks and S-firms. The government tries to preserve the value of just-privatized...

The paper is intended to contribute to the microeconomic analysis of transition. Two alternative decision models of the firm are presented. The difference is analysed between the transformation of a state firm into a firm with a dominant private owner and a firm with dispersed private owners....

The author stresses specific features of restructuring under transition of a post-communist economy. He presents a formal model comparing the restructuring of three different firms characterized by ownership under the assumption of imperfect capital and financial markets. The empirical...

This paper analyzes decisions of managers on restructuring before privatization. After privatization, the new owner decides on manager's future based on his/her beliefs on manager's quality. Manager and owner are playing a signalling game, in which restructuring is a signal of manager's quality....

In this paper we estimate the effects of the 1991 breakups of Czechoslovak state owned enterprises (SOEs) on subsequent performance of the master enterprises and the spun-off units. Our analysis is based on quarterly and annual data of Czechoslovak industrial enterprises. We estimate the...