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Journal of Economic Literature: Vol. 40 No. 3 (September 2002)

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Enterprise Restructuring in Transition: A Quantitative Survey

Article Citation

Djankov, Simeon, and Peter Murrell. 2002. "Enterprise Restructuring in Transition: A Quantitative Survey." Journal of Economic Literature, 40(3): 739-792.

DOI: 10.1257/002205102760273788

Abstract

We survey the empirical literature analyzing the process of enterprise restructuring in transition economies. The survey provides new insights into the relative effectiveness of different reform policies, and into how this effectiveness varies across regions. We study the effects of privatization, the importance of different types of owners, the effects of foreign and domestic competition, the consequences of soft budgets, and the role of managerial incentives and managerial human capital, with regard to enterprise restructuring.

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Djankov, Simeon (World Bank)
Murrell, Peter (Academic Council of the IRIS Center, University of Maryland)


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