Firm performance and the political economy of corporate governance : survey evidence for Bulgaria, Hungary, Slovakia and Slovenia

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Title: Firm performance and the political economy of corporate governance : survey evidence for Bulgaria, Hungary, Slovakia and Slovenia
Authors: Whelan, Ciara
Walsh, Patrick P.
Permanent link: http://hdl.handle.net/10197/141
Date: Jul-2000
Abstract: Using survey data for 220 traditional manufacturing firms over 7 years of transition and 4 CEE countries, we find firms that produced for the EU market under planning consistently outperform those that produced for the CMEA market. Within the previously CMEA market, the best firms were selected to outside privatisation and outperformed insider/state owned firms. Outside privatisation was resisted in EU oriented firms and ownership was found to have no effect on performance. We argue that insider/state ownership in previously CMEA and EU markets builds up political support for the market system during its initial stages, ensuring its long-term success.
Type of material: Working Paper
Publisher: William Davidson Institute, University of Michigan
Copyright (published version): 2000, Authors
Subject LCSH: Business enterprises--Europe, Eastern
Corporate governance
Privatization
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Politics and International Relations Research Collection
Geary Institute Research Collection
Economics Research Collection

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