Enterprise Exit Processes in Transition Economies

Leszek Balcerowicz, Cheryl W. Gray, Iraj Hoshi (eds)

Title: Enterprise Exit Processes in Transition Economies
Subtitle: Downsizing, Workouts, and Liquidation
Editors: Leszek Balcerowicz; Cheryl W. Gray; Iraj Hoshi
Price: € 140,99
ISBN: 9789633865644
Format: eBook PDF (Adobe DRM)
Number of pages: 322
Language: English
Publication date: 01 - 01 - 1998
Category: Economics and Economic History
Discipline: Social and Political Sciences
Imprint: CEU Press
Also available as: Hardback - € 141,00

Table of Contents

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Part 1: Introduction Part 2: Bankruptcy, reorganization and liquidation in mature market economies Part 3: Macroeconomic shocks and policy responses during transition Part 4: Downsizing as an exit mechanism Part 5: Bankruptcy and owner-led liquidation in the Czech Republic Part 6: Hungary's bankruptcy experience 1992-93 Part 7: Classical exit processes in Poland Part 8: Poland's bank-led conciliation Part 9: Why does exit matter

Enterprise Exit Processes in Transition Economies

Downsizing, Workouts, and Liquidation

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.

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