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Privatization, Corporate Governance and the Emergence of Markets
 
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Privatization, Corporate Governance and the Emergence of Markets
 
 
Palgrave Macmillan
 
 
 
 
 
 
23 Mar 2000
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£120.00
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9780333778920
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DescriptionContentsAuthors

Privatization is a major building block of transformation. Moreover, there are no precedents in Western countries for a privatization programme of the size and scope under way in Central and Eastern Europe. These peculiarities have sparked and sustained the continuing interest of economists and other social scientists in privatization. At the same time, the hitherto accumulated empirical evidence provides an unequalled opportunity to address issues, ranging from corporate governance to the relationship between privatization and the emergence of markets, which are likewise relevant for the understanding of established market economies.

This book addresses these issues from a multi-disciplinary perspective, focusing on the theoretical groundwork of privatization and enterprise restructuring as well as on empirical evidence. The contributions show that changes in ownership titles are but one part of the story, being closely interwoven as they are with the transformation of corporate governance, enterprise restructuring, network transformation and the emergence of markets.


Description

Privatization is a major building block of transformation. Moreover, there are no precedents in Western countries for a privatization programme of the size and scope under way in Central and Eastern Europe. These peculiarities have sparked and sustained the continuing interest of economists and other social scientists in privatization. At the same time, the hitherto accumulated empirical evidence provides an unequalled opportunity to address issues, ranging from corporate governance to the relationship between privatization and the emergence of markets, which are likewise relevant for the understanding of established market economies.

This book addresses these issues from a multi-disciplinary perspective, focusing on the theoretical groundwork of privatization and enterprise restructuring as well as on empirical evidence. The contributions show that changes in ownership titles are but one part of the story, being closely interwoven as they are with the transformation of corporate governance, enterprise restructuring, network transformation and the emergence of markets.


Contents

Acknowledgements
List of Contributors
Privatisation in Context: An Introduction; E.F.Rosenbaum, F.Bönker & H.J.Wagener
PART I: THE POLITICAL AND FISCAL DIMENSION OF PRIVATISATION
Polish Mass Privatisation: Success or Failure?; R.Gesell
On the Political Economy of Privatisation in Eastern Germany; U.Siegmund
Fiscal Aspects of Privatisation: The Paradox of Privatisation Revenues; D.Süb
PART II: PRIVATISATION, CORPORATE GOVERNANCE AND ECONOMIC RESTRUCTURING
Changing Models of Corporate Governance in OECD Countries; P.W.Moerland
Corporate Governance - A Systemic Approach with an Application to Eastern Europe; R.Heinrich
Empirical Analysis of Corporate Governance in Transition; W.Carlin
Privatisation and Corporate Governance in Transition Countries: Beyond the Principal-Agent Mode; W.Andreff
Corporate Governance During and After Privatisation: The Lessons from Hungary; P.Mihályi
Banks and the Privatisation of Enterprises in Poland; R.Chudzik
Manager Incentives and Turnover of Managers: Evidence from the Czech Republic; S.Claessens & S.Djankov
The Relationship Between FDI, Privatisation and Structural Change in Central and Eastern European Countries; G.Hunya
PART III: PRIVATISATION AND THE EMERGENCE OF MARKETS
Transforming Socialist Networks; M.Keren
Towards a Theory of Markets - Networks, Communication and Knowledge; E.F.Rosenbaum
Direct Foreign Investment and the Evolution of Markets in Central and Eastern Europe; K.Meyer
References
Index


Authors

ECKEHARD ROSEBAUM is Research Fellow at the Frankfurt Institute for Transformation Studies, European University Viadrina, Frankfurt (O). His main research focuses on the development of markets in transformation countries. Amongst other things, he has published in the Journal of Economic Methodology and in Transport Reviews.

FRANK BÖNKER is Lecturer in Economics at the European University Viadrina, Frankfurt (O). His main research interests concentrate on the political economy of reforms in both Eastern and Western Europe. His recent publications include (as co-author) Institutional Design in Post-communist Societies and (as co-editor) Transformation Sozialistischer Gesellschaften: Am Ende des Anfangs.

HANS-JÜRGEN WAGENER is Professor of economics at the European University in Frankfurt (O) and director of the Frankfurt Institute for Transformation Studies. Recent publications include (as editor) Economic Thought in Communist and Post-communist Europe and The Political Economy of Transformation.