Ownership Structure and Enterprise Restructuring in Six Newly Independent States. From: Comparative Economic Studies | Date: March 22, 1999| Author: Djankov, Simeon | COPYRIGHT 1999 Association for Comparative Economic Studies. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

This study investigates the relation between ownership structure and enterprise restructuring in six Newly Independent States. We document the changing pattern of ownership in 960 privatized manufacturing companies in the 1995-97 period. There are large differences in the ownership structure across countries, and these differences seem to be determined by the type of privatization methods pursued. We show that foreign ownership is positively associated with enterprise restructuring at high ...

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