Abstract
We survey the empirical literature analyzing the process of enterprise restructuring in transition economies. The survey provides new insights into the relative effectiveness of different reform policies, and into how this effectiveness varies across regions. We study the effects of privatization, the importance of different types of owners, the effects of foreign and domestic competition, the consequences of soft budgets, and the role of managerial incentives and managerial human capital, with regard to enterprise restructuring.
Keywords
RestructuringIncentiveBusinessCompetition (biology)Transition economyForeign capitalSurvey data collectionProcess (computing)Transition (genetics)Transition countriesCapital (architecture)Industrial organizationEconomic systemEconomicsMarket economyInternational economicsFinanceMacroeconomicsForeign direct investment
Affiliated Institutions
Related Publications
Money and Capital in Economic Development.
This books presents a theory of economic development very different from the stages of growth hypothesis or strategies emphasizing foreign aid, trade, or regional association. L...
From State to Market: A Survey of Empirical Studies on Privatization
This study surveys the literature examining the privatization of state-owned enterprises (SOEs) We review the history of privatization, the theoretical and empirical evidence on...
The Visible Hand: The Managerial Revolution in American Business
* Introduction: The Visible Hand * Modern Business Enterprise Defined * Some General Propositions * Part I. The Traditional Processses of Production and Distribution *1. The Tra...
International relations and domestic structures: Foreign economic policies of advanced industrial states
Recent writings on problems of the international economy have focused attention primarily on changes in the international system. This paper attempts to show that foreign econom...
Determinants of Current Account Deficits in Developing Countries
The objective of this paper is to provide an exhaustive characterization of the empirical linkage between current account deficits and a broad set of economic variables proposed...
Publication Info
- Year
- 2002
- Type
- article
- Volume
- 40
- Issue
- 3
- Pages
- 739-792
- Citations
- 939
- Access
- Closed
External Links
Social Impact
Altmetric
PlumX Metrics
Social media, news, blog, policy document mentions
Citation Metrics
939
OpenAlex
Cite This
Simeon Djankov,
Peter Murrell
(2002).
Enterprise Restructuring in Transition: A Quantitative Survey.
Journal of Economic Literature
, 40
(3)
, 739-792.
https://doi.org/10.1257/002205102760273788
Identifiers
- DOI
- 10.1257/002205102760273788