1st Edition
Enterprise Exit Processes in Transition Economies Downsizing, Workouts, and Liquidation
324 Pages
by
Central European University Press
324 Pages
by
Central European University Press
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.
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
Biography
Leszek Balcerowicz is Professor at Warsaw School of Economics. He was Deputy Prime Minister and Minister of Finance in Poland.
Iraj Hoshi is Principal Lecturer in Economics at Staffordshire University, Stroke-on-Trent, UK.
