Privatization Processes in Eastern Europe: Theoretical Foundations and Empirical Results

Format
Hardback
Publisher
Palgrave USA
Country
United States
Published
2 November 1993
Pages
282
ISBN
9780312100742

Privatization Processes in Eastern Europe: Theoretical Foundations and Empirical Results

Privatising firms and liberalizing their market environment generates in Eastern Europe a variety of problems, many of which are not common to the analogous attempts in industries countries. A first difference between the two experiences resides in establishing the value of the firm or of the assets that are being privatized. A second main difference concerns the lack of the record of market performance for the firm. The book explores these open questions through an overview of on-going and proposed processes in Section 1. In Section 2 theoretical foundations of privatization processes are proposed with respect to the financial market, industrial relations and foreign trade. A final key question is faced in Section 3: ‘is there any alternative to privatization?

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