Worldwide, increasing evidence suggest that privatization improves firm performance. But in some institutionally-weak transition economies, ownership change has so far, not delivered on its promise. The paper responds that mass, and rapid privatization schemes, turned over mediocre assets to people lacking the incentives, skills and resources to manage them appropriately, may be the answer. In fact, most high-quality assets are handled by resourceful...
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INFORMATION
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1999/05/31
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Publication
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IFD38
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1
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1
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2010/07/01
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Time to rethink privatization in transition economies?
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Privatization
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