The Restructuring Of Large Firms In Slovakia
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The Restructuring Of Large Firms In Slovakia
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Author : Pohl
language : en
Publisher:
Release Date : 2013
The Restructuring Of Large Firms In Slovakia written by Pohl and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
The Restructuring Of Large Firms In Slovakia
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Author : Simeon Djankov
language : en
Publisher: World Bank Publications
Release Date : 1997
The Restructuring Of Large Firms In Slovakia written by Simeon Djankov and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business enterprises categories.
The Restructuring Of Large Firms In Slovakia
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Author : Gerhard Pohl
language : en
Publisher:
Release Date : 1999
The Restructuring Of Large Firms In Slovakia written by Gerhard Pohl and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
April 1997 Large industrial firms in Slovakia have restructured more rapidly than expected, including firms regarded as nonviable only a few years ago. Rapid privatization is an important determinant of successful restructuring. The method of privatization and the type of owner appear to play only a minor role. Evaluating the restructuring of large enterprises in transition economies is difficult because it is only one of many economic changes. Such evaluation is nevertheless essential for designing reform policies. Djankov and Pohl examine 21 case studies of Slovak firms based on detailed financial information for 1991-96, and interviews with top management. Much of their sample was firms initially classified as nonviable lossmakers. They found that the majority of large Slovak firms successfully restructured without the help of foreign investors or government restructuring programs. Privatization to insiders, through management-employee buyouts, did not hamper restructuring because the new owners (old managers) invested heavily in new technology, laid off a substantial part of the workforce, sought foreign partnerships, and were prepared to sell controlling stakes to outsiders in return for fresh financial resources. The evidence also suggests that mass privatization did not result in weak corporate governance because it was followed by a rapid consolidation of ownership. Their findings support the view that the main objective of privatization programs should be the speedy transformation of ownership, not the selection of perfect owners. Slovakia was an interesting choice for case-study analysis because much of the heavy industry and arms industry of former Czechoslovakia was located in Slovakia, so it inherited a relatively unattractive industrial structure. Slovakia also implemented two very different privatization programs, one of mass privatization and one of leveraged management buyouts or direct sales to (domestic) outside investors. This paper - a product of the Finance and Private Sector Development Division, Europe and Central Asia Technical Department - is part of a larger effort in the department to study the determinants of enterprise restructuring in transition economies.
Restructuring Large Industrial Firms In Central And Eastern Europe
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Author : Gerhard Pohl
language : en
Publisher: World Bank Publications
Release Date : 1996-01-01
Restructuring Large Industrial Firms In Central And Eastern Europe written by Gerhard Pohl and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-01-01 with Business & Economics categories.
This report addresses the most important challenges facing the Latin America and Caribbean region as it attempts to replace its traditional economic and social structures, including populist institutions, with a modern, efficient, administrative state. The analysis focuses on the political economy of pending reforms and their ramifications. The report discusses (1) recent economic and political developments; (2) systemic issues such as high real interest and unemployment rates and declining export growth; (3) social policies and the need to consolidate macroeconomic stability; and (4) how to define and build the new Latin American state. An appendix provides detailed information on selected country performance.
Privatization In Competitive Sectors
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Author : Sunita Kikeri
language : en
Publisher: World Bank Publications
Release Date : 2002
Privatization In Competitive Sectors written by Sunita Kikeri and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Privatizacion categories.
Private Ownership And Corporate Performance
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Author :
language : en
Publisher: World Bank Publications
Release Date : 1997
Private Ownership And Corporate Performance written by and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business enterprises categories.
The assumption behind privatisation in eastern Europe and elsewhere is that private ownership improves corporate performance. We focus on comparing the performance of state firms with either private or privatised firms operating under reasonably similar conditions in three countries of eastern Europe. We supplement this comparison by an examination of the relative performance of privatised and state firms in the period before the former were privatised. Our empirical results confirm the hypothesis that the effect of ownership change is particularly pronounced on the revenue side of corporate performance. In general, we find that firms with outsider owners significantly outperform the firms with insider owners on most performance measures, and that the employees are particularly ineffective owners (indeed less effective than the state). Subscribe to publications email alerts.
Slovak Republic
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1997-06-03
Slovak Republic written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-06-03 with Business & Economics categories.
This paper reviews economic developments in Slovakia during 1995–96. Slovakia registered an impressive macroeconomic performance in 1995, among the best within the transition economies. Growth accelerated to 7.5 percent in 1995 from an already high rate of 5 percent in 1994, and inflation fell to 7 percent from about 12 percent in 1994. In addition, the current account of the balance of payments registered a surplus of about 2 percent of GDP. In 1996, output continued to grow at about 7 percent while inflation declined to 5.4 percent.
Reconstructing The Regional Economy
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Author : Adrian Smith
language : en
Publisher: Edward Elgar Publishing
Release Date : 1998-06-25
Reconstructing The Regional Economy written by Adrian Smith and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-06-25 with Business & Economics categories.
The book focuses on regional and economic change in Eastern and Central Europe, using Slovakia as a case study. It explains the relationship between industrial change and regional development and discusses fragmentation within the context of the legacy of the state socialist industralization model.
Incomplete Revolutions
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Author : Adam Zwass
language : en
Publisher: Routledge
Release Date : 2019-07-25
Incomplete Revolutions written by Adam Zwass and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-07-25 with Business & Economics categories.
This volume focuses on the role of privatization strategies, contrasting the outcomes of the voucher plans with outright sale of state assets (including to foreign investors). The author considers the record of newly emerging banking and financial systems.
Finance India
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Author :
language : en
Publisher:
Release Date : 2003
Finance India written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Finance categories.