Privatization and Corporate Governance: Some Lessons from the Experience of Transitional Economies

  • Tito Boeri
  • Giancarlo Perasso
Part of the Financial and Monetary Policy Studies book series (FMPS, volume 33)

Abstract

All former planned economies have started privatization programmes: some (Central and Eastern European Countries) are more advanced in transferring property from the state to individuals, others (mostly former Soviet Republics other than Russia) are just starting. Different methods of privatization have been implemented, ranging from mass privatization through voucher schemes to direct sales of enterprises (often to foreigners), and from spontaneous privatization to well-organised transfers of property rights to employees. These different methods have brought about different models, or structures, of corporate governance that affect the way enterprises are responding to market signals, and, more broadly, to the stimuli of the emerging market environment.

Keywords

Czech Republic Corporate Governance Supervisory Board Capital Privatization State Enterprise 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media Dordrecht 1998

Authors and Affiliations

  • Tito Boeri
  • Giancarlo Perasso

There are no affiliations available

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