Privatization Processes in Eastern Europe : Theoretical Foundations and Empirical Results (1st ed. 1993)

Privatising firms and liberalizing their market environment generates in Eastern Europe a variety of problems, many of which are not common to the analogous attempts in industries countries.

A first difference between the two experiences resides in establishing the value of the firm or of the assets that are being privatized.

A second main difference concerns the lack of the record of market performance for the firm.

The book explores these open questions through an overview of on-going and proposed processes in Section 1.

In Section 2 theoretical foundations of privatization processes are proposed with respect to the financial market, industrial relations and foreign trade.

A final key question is faced in Section 3: 'is there any alternative to privatization?'