Privatization in Eastern Germany: Management Selection and Economic Transition

• Autorzy: I J Alexander Dyck
• Języki publikacji: EN

Abstrakty

EN

It is suggested that management's role in enterprise restructuring and market failures in the managerial labor market helps explain important features of the German privatization program. A model of adverse selection based on information advantages for private owners demonstrates how privatization can improve the quality and number of western managers in eastern enterprises. These benefits can increase with the size of the transition. Evidence of management replacement and significant differences between state-owned and privatized firms from a survey of Eastern Germany firms supports model assumptions and predictions. These results suggest the importance of management replacement to successful privatization.

Artykuł omawia mechanizmy zarządzania w restrukturyzowanych przedsiębiorstwach w programie prywatyzacyjnym Wschodnich Niemiec

Słowa kluczowe

EN

Restructuring of enterprises; Political and systemic transformations; Privatisation

PL

Restrukturyzacja przedsiębiorstw; Przekształcenia ustrojowo-systemowe; Prywatyzacja

• Czasopismo: The American Economic Review
• Rocznik: 1998
• Tom: 87
• Numer: nr 4
• Strony: 565--597

Twórcy

autor

I J Alexander Dyck