Enterprise Exit Processes in Transition Economies: Downsizing, Workouts, and Liquidation

Published by Central European University Press 1998

Enterprise Exit Processes in Transition Economies

Downsizing, Workouts, and Liquidation

Edited by: Leszek Balcerowicz , Cheryl W. Gray and Iraj Hoshi

https://doi.org/10.1515/9789633865644

Overview
Contents

About this book

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.

Author / Editor information

Balcerowicz Leszek :

Leszek Balcerowicz is Professor at Warsaw School of Economics. He was Deputy Prime Minister and Minister of Finance in Poland.

Hoshi Iraj :

Iraj Hoshi is Principal Lecturer in Economics at Staffordshire University, Stroke-on-Trent, UK.

Reviews

"This book discusses exit processes (industrial downsizing, bankruptcies, reorganization and liquidations) in three leading transition economies of Central Europe: the Czech Republic, Hungary and Poland. The reason for the economic transition was that the socialist economies were almost bankrupt by 1989 and in desperate need of restructuring. This book analyses the micro dimensions of this process, where industrial firms cease to exist, releasing assets and resources that may be used more efficiently elsewhere."

Topics

Frontmatter Publicly Available Download PDF	i
Contents Publicly Available Download PDF	v
List of tables and figures Publicly Available Download PDF	viii
1: Introduction and Overview Ewa Balcerowicz, Leszek Balcerowicz, Cheryl W. Gray and Iraj Hoshi Requires Authentication Unlicensed Licensed Download PDF	1
2. Bankruptcy, Reorganization, and Liquidation in Mature Market Economies : Lessons for Economies in Transition Iraj Hoshi Requires Authentication Unlicensed Licensed Download PDF	19
3: Macroeconomic Shocks and Policy Responses During Transition: A Cross-Country Comparison Jacek Rostowski and Milan Nikolic Requires Authentication Unlicensed Licensed Download PDF	57
4: Downsizing as an Exit Mechanism: Comparing the Czech Republic, Hungary, and Poland Ewa Balcerowicz, Iraj Hoshi, Jan Mladek, Tamas Novak, Alison Sinclair and Miklos Szanyi Requires Authentication Unlicensed Licensed Download PDF	91
5: Bankruptcy and Owner-Led Liquidation in the Czech Republic Iraj Hoshi, Jan Mladek and Alison Sinclair Requires Authentication Unlicensed Licensed Download PDF	129
6: Hungary's Bankruptcy Experience, 1992-93 Cheryl W. Gray, Sabine Schlorke and Miklos Szanyi Requires Authentication Unlicensed Licensed Download PDF	175
7: Classical Exit Processes in Poland: Court Conciliation, Bankruptcy, and State Enterprise Liquidation Cheryl W. Gray and Arnold Holle Requires Authentication Unlicensed Licensed Download PDF	207
8: Poland's Bank-Led Conciliation Process Cheryl W. Gray and Arnold Holle Requires Authentication Unlicensed Licensed Download PDF	249
9: Why Does Exit Matter? Exit, Growth and Other Economic Processes in Transition Economies Irena Grosfeld Requires Authentication Unlicensed Licensed Download PDF	277
Index Requires Authentication Unlicensed Licensed Download PDF	301

Language: English
Publisher: Central European University Press
Audience: Professional and scholarly;
Pages
- Main content: 322
Keywords: Banks; Capitalism; Economic policy; Free enterprise; Political economy; Transition economies

eBook

Published: January 1, 1998
ISBN: 9789633865644