The Causes and Consequences Of Corporate Restructuring in Albania Privatisation and managerial behaviour in Albania
-
- Englisch ausgewählt
Fr. 105.00
inkl. gesetzl. MwSt.,
Beschreibung
Produktdetails
Einband
Taschenbuch
Erscheinungsdatum
15.01.2010
Verlag
LAP LAMBERT Academic PublishingSeitenzahl
360
Maße (L/B/H)
22/15/2.2 cm
Gewicht
554 g
Auflage
1. Auflage
Sprache
Englisch
ISBN
978-3-8383-3878-1
The aim of this research is to investigate the specific features and the extent of restructuring amongst Albanian enterprises during transition - an area which has not received much attention in the literature. This research is based on recent developments in the theory of corporate governance, the theory of privatisation and the experience of other Central and East European countries. This research concludes that the restructuring process has been very slow in Albania, and that privatised firms outperform state-owned enterprises. In addition, the results of the econometric study provide some evidence that domestic outsider- controlled firms have performed better than other forms of private ownership. In general, the lack of co-ordination between microeconomic and macroeconomic policies, the uncertainty regarding privatisation of large state-owned enterprises, and the weaknesses in legal, institutional and financial frameworks, have resulted in a lack of strong incentives for managers to restructure their enterprises.
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