Enterprise Exit Processes in Transition Economies

Downsizing, Workouts, and Liquidation

Häftad, Engelska, 1998

AvLeszek Balcerowicz,Iraj Hoshi,Cheryl W. Gray,Cheryl W Gray

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The rebirth of competition and the extensive exit that has resulted are among the most important developments in Central Europe since the demise of Communism. This text examines why, how, and to what extent enterprises have reduced their size or left the market altogether during the first years of the transition from socialism to capitalism in the Czech Republic, Hungary and Poland.

Produktinformation

Utgivningsdatum1998-01-01
Mått152 x 229 x 25 mm
Vikt600 g
FormatHäftad
SpråkEngelska
Antal sidor324
FörlagCentral European University Press
ISBN9789639116160

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Contributors, List of tables and figures, 1: Introduction and Overview, 2: Bankruptcy, Reorganization, and Liquidation in Mature Market Economies: Lessons for Economies in Transition, 3: Macroeconomic Shocks and Policy Responses During Transition: A Cross-Country Comparison, 4: Downsizing as an Exit Mechanism: Comparing the Czech Republic, Hungary, and Poland, 5: Bankruptcy and Owner-Led Liquidation in the Czech Republic, 6: Hungary's Bankruptcy Experience, 1992-93, 7: Classical Exit Processes in Poland: Court Conciliation, Bankruptcy, and State Enterprise Liquidation, 8: Poland's Bank-Led Conciliation Process, 9: Why Does Exit Matter? Exit, Growth and Other Economic Processes in Transition Economies, Index

"This book discusses exit processes (industrial downsizing, bankruptcies, reorganization and liquidations) in three leading transition economies of Central Europe: the Czech Republic, Hungary and Poland. The reason for the economic transition was that the socialist economies were almost bankrupt by 1989 and in desperate need of restructuring. This book analyses the micro dimensions of this process, where industrial firms cease to exist, releasing assets and resources that may be used more efficiently elsewhere."