Enterprise Restructuring in Transition: A Quantitative Survey
调查了转型经济中企业重组的实证文献,分析了私有化、所有制类型、国内外竞争、软预算约束及管理层激励等因素对重组效果的影响,并比较了不同改革政策在不同地区的有效性。
We survey the empirical literature analyzing 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, with regard to enterprise restructuring.