Mickiewicz, T;
(2008)
Hierarchy of Governance Institutions and the Pecking Order of Privatisation: Central-Eastern Europe and Central Asia Reconsidered.
(Economics Working Papers
90).
Centre for the Study of Economic and Social Change in Europe, SSEES, UCL: London, UK.
![[thumbnail of 17455.pdf]](https://discovery-pp.ucl.ac.uk/style/images/fileicons/application_pdf.png) Preview |
PDF
17455.pdf Available under License : See the attached licence file. Download (1MB) |
Abstract
We discuss property rights, corporate governance frameworks and privatisation outcomes in the Central Eastern Europe and Central Asia (CEECA) region. We argue that while CEECA still suffers from deficient 'higher order' institutions, this is not attracting sufficient attention of international institutions like EBRD and World Bank, which focus on 'lower order' indicators. We discuss factors that may alleviate the negative impact of the weakness in institutional environment and argue for the pecking order of privatisation, where equivalent privatisation is given a priority, but speed is not compromised.
| Type: | Working / discussion paper |
|---|---|
| Title: | Hierarchy of Governance Institutions and the Pecking Order of Privatisation: Central-Eastern Europe and Central Asia Reconsidered |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | http://www.ssees.ucl.ac.uk/publications/working_pa... |
| Language: | English |
| Additional information: | Corresponding article record is available at http://discovery.ucl.ac.uk/1381928/ |
| Keywords: | Property rights, constraints on executive, corporate governance, law, regulation, ownership, privatisation, mass privatisation, Central Europe, Eastern Europe, Russia, Czech Republic, transition |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > SSEES |
| URI: | https://discovery-pp.ucl.ac.uk/id/eprint/17455 |
Archive Staff Only
 |
View Item |
