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  4. Winter 2002
  5. Competition and Corporate Governance in Transition

Journal of Economic Perspectives

ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)

Competition and Corporate Governance in Transition

  • Saul Estrin
Journal of Economic Perspectives
vol. 16, no. 1, Winter 2002
(pp. 101–124)
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Abstract

This paper examines the elements of institutional development critical to the enhancement of company performance in transition economies. This includes initial conditions, forms of privatization, institutional frameworks and the competitiveness of markets. Comparing empirical evidence, the paper concludes that there is a clear distinction in effectiveness of policies followed and their impact between Central Europe and CIS countries. This divergence is attributed to fundamentally different political attitudes toward reform, the need of CIS governments to gain political support for reform and as a consequence of the desire of Central European countries to join European Union.

Citation

Estrin, Saul. 2002. "Competition and Corporate Governance in Transition." Journal of Economic Perspectives, 16 (1): 101–124. DOI: 10.1257/0895330027139

JEL Classification

  • P31 Socialist Enterprises and Their Transitions
  • G34 Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
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