| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1187 |
| DP1187 Accumulation and the Extent of Inequality | |
| Giuseppe Bertola | |
| 发表日期 | 1995-05-31 |
| 出版年 | 1995 |
| 语种 | 英语 |
| 摘要 | This paper interprets the existing evidence on enterprise restructuring in Poland, Hungary and the Czech Republic. Despite differences in restructuring policies, the pattern of observed restructuring appears similar in the three countries. Contrary to initial expectations, managers of SOEs have engaged in significant adjustment activities. We argue that such behaviour is due to dramatic changes in the market environment of firms and in their perceived incentive structure. It appears, however, that the adjustment measures have mainly had a defensive character restricted to labour-shedding and downsizing activities. Strategic restructuring, involving thoughtful business projects and modernization investments, is much more limited. We argue that progress on strategic restructuring requires both progress in ownership transformation and in financial reform. A crucial role could be played by intermediaries playing the role of venture capital funds. |
| 主题 | Financial Economics ; Industrial Organization |
| 关键词 | Central europe Corporate governance Managerial incentives Privatization Restructuring Transition |
| URL | https://cepr.org/publications/dp1187 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530329 |
| 推荐引用方式 GB/T 7714 | Giuseppe Bertola. DP1187 Accumulation and the Extent of Inequality. 1995. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Giuseppe Bertola]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Giuseppe Bertola]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Giuseppe Bertola]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
