policy towards a more active role of the state, and use privatization policy as an example. The authors examine the effects … of the privatization policy and point to a large unfinished agenda in ownership transformation that has had an adverse … the pace of privatization. They find out that it is the increasing capture of the state by rent-seeking groups, and not …

transition is privatization, which implies transferring most of the former social ownership to private individuals. The … privatization process has marked the end of the twentieth century in Croatia and still carries many unanswered questions that have … arisen because of the persistent need for privatization in the former, unconsolidated state. Objectives: The main objective …

This paper discusses the most important theoretical contributions to the literature on privatization, focusing on … emerging economies, and gives a summary on recent research concerning the ways privatization might affect the development of … privatization and the reduction in social welfare and the possibility that the privatization process itself may have conflicting …

We construct and analyze a unique database with 1992-99 information on privatization transactions and labor … describe the post-privatization ownership structure and to test the effect of alternative privatization policies on firm … and domestic blockholders, but insider and mass privatization are also estimated to have positive, although smaller …

Worldwide, evidence is increasing that privatization improves firm performance. But in some institutionally …-weak transition economies, ownership change has so far not delivered on its promise. Why? Mass and rapid privatization schemes turned … privatization can and has led to stagnation and decapitalization rather than to better financial results and increased efficiency …

governmental level. Here the privatization program--leading to restructuring or not--is designed. Transition governments are in a …

According to leading economic theorists, creating capitalism out of communism requires rapid privatization. In this … article we empirically test the welfare implications of privatization policies in Post-Soviet countries by using cross …-national panel mortality data as an indicator of social costs. We find that rapid privatization - whether measured by a novel measure …