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Transition on the shop floor : the restructuring of a weaving mill, Hungary 1988-97

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dc.creator Köllîo, János
dc.date 2003
dc.date.accessioned 2013-10-16T07:09:20Z
dc.date.available 2013-10-16T07:09:20Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20208
dc.identifier ppn:377479462
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20208
dc.description While a variety of studies analysed the benign effects of privatisation on firm performance under post-socialist transition using financial data very little is known about how the apparent productivity gains were achieved. This paper follows a weaving mill from 1998 to 1997 on its way of becoming a capitalist enterprise and gives a detailed account of the sources and limits of productivity growth. The data suggests that the factory was not far from the competitive optimum given the size of ?plant and equipment? - efficiency gains were mostly achieved by plant size reduction and asset stripping. The gains from this sort of initial restructuring helped many former state enterprises stay on the market but they did not necessarily indicate high levels of adaptability, capacity to innovate and ability to attract outside investors. In economies with many ?seemingly restructured? privatised enterprises the elimination of the former state sector jobs is likely to continue within the private sector. The process may last for years after privatisation as a legal act had been fully accomplished.
dc.language eng
dc.relation IZA Discussion paper series 972
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject J31
dc.subject L2
dc.subject D21
dc.subject ddc:330
dc.subject firm behaviour
dc.subject firm objectives
dc.subject compensation
dc.subject transition
dc.subject Hungary
dc.subject Weberei
dc.subject Privatisierung
dc.subject Reorganisation
dc.subject Technische Effizienz
dc.subject Produktivität
dc.subject Unternehmensentwicklung
dc.subject Schätzung
dc.subject Ungarn
dc.title Transition on the shop floor : the restructuring of a weaving mill, Hungary 1988-97
dc.type doc-type:workingPaper


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