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Cover Art
Author Zalduendo, Juan.

Title Enterprise Restructuring and Transition [electronic resource] : Evidence From the Former Yugoslav Republic of Macedonia / Juan Zalduendo.

Published Washington, D.C. : International Monetary Fund, 2003.


Location Call No. Status
Physical description 1 online resource (18 p.)
Series IMF Working Papers; Working Paper ; No. 03/136
IMF Working Papers; Working Paper ; No. 03/136
Summary This paper reviews developments in corporate performance in the FYR Macedonia during the 1990s. The paper finds substantial differences in performance between surviving old firms and nimbler new ones. The paper reviews factors that facilitated restructuring among surviving firms, and concludes that private sector ownership, hard budget constraints, and market-based economic institutions have served to strengthen corporate performance. The paper also shows that the predominance of insider privatization and the resulting low ownership concentration is one of the reasons for the poor performance of surviving firms.
Notes Description based on print version record.
Other author Zalduendo, Juan.
Subject Corporate Performance
Education: Other
Enterprise Restructuring
Ownership Concentration
Private Ownership
ISBN 1451855834 : 15.00 USD
ISSN 1018-5941
Standard Number 10.5089/9781451855838.001