Gegenstand der Untersuchung sind Buy-Outs in der sowjetischen Wirtschaft als Instrument der Überführung staatlichen in privates Eigentum. Am Beispiel Großbritanniens geben die Verfasser zunächst einen Überblick über die mit Buy-Outs verbundenen Probleme, vor allem hinsichtlich der...

This paper provides new survey evidence on managerial entrenchment and the role of outsiders in the post-privatization restructuring of Russian enterprises. The major findings are that managers are hostile towards outside ownership, and they effectively collude with other employees to preserve...

Management and employee buy-outs have played a significant role in the privatization of state-owned enterprises. Key research and policy issues are raised concerning whether insider ownership promotes or impedes restructuring and adaptation. This paper reviews and synthesizes studies of the...