TY  - CHAP
AB  - In theory, the method employed to transfer ownership from public to private hands is a secondary concern. But when the legal-institutional environment is weak, the method of sale matters greatly. The experiences of the transition economies have taught us that different forms of sales methods produce very different types of owners, who vary greatly in their commitment to, and ability to carry out restructuring (meaning the changes required to allow the firm to survive in a competitive market setting). The method of privatization is thus an important factor in determining1an efficient allocation of ownership rights.
VL  - 90
SN  - 978-1-84950-513-0, 978-0-7623-1463-8/1569-3759
DO  - 10.1016/S1569-3759(07)00008-3
UR  - https://doi.org/10.1016/S1569-3759(07)00008-3
AU  - Goldberg Itzhak
AU  - Nellis John
ED  - Ira W. Lieberman
ED  - Daniel J. Kopf
PY  - 2007
Y1  - 2007/01/01
TI  - Chapter 8 Methods and Institutions – How do They Matter?: Lessons from Privatization and Restructuring in the Post-Socialist Transition
T2  - Privatization in Transition Economies: The Ongoing Story
T3  - Contemporary Studies in Economic and Financial Analysis
PB  - Emerald Group Publishing Limited
SP  - 345
EP  - 370
Y2  - 2024/04/25
ER  -