Voucher Privatization And Restructuring In Slovakia
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Voucher Privatization And Restructuring In Slovakia
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Author : Mitchell Alexander Orenstein
language : en
Publisher:
Release Date : 1994
Voucher Privatization And Restructuring In Slovakia written by Mitchell Alexander Orenstein and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business enterprises categories.
Restructuring And Privatization In Central Eastern Europe
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Author : Saul Estrin
language : en
Publisher: Routledge
Release Date : 2020-11-30
Restructuring And Privatization In Central Eastern Europe written by Saul Estrin and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-11-30 with Business & Economics categories.
This volume presents cases from a World Bank study of state-owned industrial firms in Poland, Hungary and the Czech and Slovak republics. Topics that are covered include: structure of the industry; history of the firm; and product mix and sales pattern.
Slovakia
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Author : Kemal Dervis
language : en
Publisher: World Bank Publications
Release Date : 1994-01-01
Slovakia written by Kemal Dervis 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 1994-01-01 with Business & Economics categories.
Slovakia retained a tradition of macroeconomic prudence, low inflation, and modest debt after the break-up of Czechoslovakia. But it also inherited a legacy of weak banks, a large and inefficient system of social welfare, and an industrial system that did not use the concept of comparative advantage. Consequently, real incomes have plunged 24 percent since 1990. This study focuses on the nation's macroeconomic and structural reform issues during its transition to a market economy, reviewing the financial sector, private sector development, employment growth and labor markets, and social benefits. The report's recommendations fall into two broad categories: (1) facilitating resource reallocation through further privatization, increasing job mobility, and eliminating regulatory impediments to free enterprise; and (2) redefining the economic role of the government by reducing the fiscal deficit that discourages private activity, redirecting subsidies away from enterprises and toward public capital formation that fosters private investment, and providing more generous social benefits to the truly needy.
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.
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.
Financial Market Restructuring In Selected Central European Countries
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Author : Karen S. Vorst
language : en
Publisher: Routledge
Release Date : 2018-12-18
Financial Market Restructuring In Selected Central European Countries written by Karen S. Vorst and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-18 with Business & Economics categories.
Published in 1998, this book provides detailed information on the financial markets in selected Central European transitioning economies. The independent countries selected for study in the text are Poland, Hungary, the Czech Republic and the Slovak Republic. The former East Germany is also include due to its proximity to the above countries and its unique experience in the transition process. Each country's section of the book contains articles written by professionals in the selected country. These individuals are economists, central bankers and/or analysts who have first-hand knowledge of the financial system. Each section details: the development in the banking sector plus the role of the central bank and the government in guiding the economy toward the market system; discuses the emerging capital markets and the ongoing process of privatization; and provides an update of the economic progress toward a market system that has been achieved since 1989.
Transformation And Crisis In Central And Eastern Europe
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Author : Bruno Dallago
language : en
Publisher: Routledge
Release Date : 2016-05-05
Transformation And Crisis In Central And Eastern Europe written by Bruno Dallago and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-05 with Business & Economics categories.
The global financial crisis has provided an important opportunity to revisit debates about post-socialist transition and the relative success of different reform paths. Post-communist Central and Eastern Europe (CEECs) in particular show resilience in the wake of the international crisis with a diverse range of economic transformations. Transformation and Crisis in Central and Eastern Europe offers an in depth analysis of a diverse range of countries, including Poland, Hungary, Russia, Ukraine, Czech Republic and Slovakia. This volume assesses each country’s institutional transformations, geopolitical policies, and local adaptations that have led them down divergent post-communist paths. Chapters take the reader systematically through the evolution of former communist national economic systems, before ending with lessons and conclusions for the future. Subsequent chapters demonstrate that economic performance crucially depends on achieving a sustainable balance between sound institutional design and policies on one hand, and localization on the other. This new volume from a prestigious group of academics offers a fascinating and timely study which will be of interest to all scholars and policy makers with an interest in European Economics, Russian and East European Studies, Transition Economies, Political Economy and the post-2008 world more generally.
Unemployment Restructuring And The Labor Market In Eastern Europe And Russia
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Author : Simon Commander
language : en
Publisher: World Bank Publications
Release Date : 1995
Unemployment Restructuring And The Labor Market In Eastern Europe And Russia written by Simon Commander 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 1995 with Business & Economics categories.
World Bank Technical Paper No. 263. Management of water resources is essential for long-term, environmentally sustainable human and economic development. Increasingly, the World Bank and other international organizations are called upon to provide support in the formulation of water resources strategies. This volume serves as a guide for developing countries in creating their strategies by outlining a general process. It also suggests ways for countries to build capacity through the process of designing and implementing such strategies. The volume is divided into two parts. Part I covers the purpose and process of strategy formulation. The process consists of a water resource assessment and then the design and choice of options. Part II reviews such main concepts as institutional and human resources, stakeholder participation, information systems, economics, environment and health, and international issues.
Commission Opinion On Slovakia S Application For Membership Of The European Union
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Author : European Commission
language : en
Publisher:
Release Date : 1997
Commission Opinion On Slovakia S Application For Membership Of The European Union written by European Commission and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with European Union categories.
Corporate Governance And Equity Prices
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Author : Stijn Claessens
language : en
Publisher: World Bank Publications
Release Date : 1995
Corporate Governance And Equity Prices written by Stijn Claessens 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 1995 with Aktieselskaber categories.