Discussion Paper Details

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Title: Enterprise Restructuring in Transition: A Quantitative Survey

Author(s): Simeon Djankov and Peter Murrell

Publication Date: April 2002

Keyword(s): competition, institutions, managers, privatization, restructuring, soft-budgets and transition

Programme Area(s): Transition Economics

Abstract: We survey the empirical literature analysing 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, on enterprise restructuring.

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Bibliographic Reference

Djankov, S and Murrell, P. 2002. 'Enterprise Restructuring in Transition: A Quantitative Survey'. London, Centre for Economic Policy Research.