The nature and determinants of ownership changes after privatization: evidence from Estonia

Article Abstract:

A random sampling of Estonian firms was utilized to describe the incidence and dynamics of ownership after privatization. While there was variation in the ownership patterns, it was found that from 1995 to 1997, around 25% of privatized firms in Estonia changed its ownership category, mostly to establish a more efficient ownership structure. It was also found that when outsiders obtain minority interest in privatized firms, they are more likely to assume majority ownership.

Private companies, Estonia

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Enterprise performance and corporate governance in Ukraine

Article Abstract:

Enterprise performance and qualitative restructuring of newly-privatized firms were examined through a random sampling of 150 Ukrainian companies. The study did not see any connection between privatization and improved corporate performance, although it was linked to qualitative restructuring. It was also revealed that, contrary to theoretical expectations, insider ownership resulted in enhanced restructuring, especially in terms of products and inputs.

Ukraine

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Privatization and accumulation in mixed economies

Article Abstract:

A study was conducted to examine the development of privatization and capital formation in mixed economies. The study focuses on the long-run feasibility of such conditions and considers a dynamic macromodel with private and state sectors. Results show that private sector investment which is not supported by state accumulation generates counterproductive results for a mixed economy in transition.

Mixed economy, Capital formation

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