Title Enterprise restructuring and transition : evidence from the former Yugoslav Republic of Macedonia / Juan Zalduendo

Published Washington, D.C : International Monetary Fund, ©2003

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Description 1 online resource (17 pages) : illustrations Series IMF working paper, 2227-8885 ; WP/03/136 IMF working paper ; WP/03/136. Summary This paper reviews developments in corporate performance in the FYR Macedonia during the 1990s. The paper finds substantial differences in performance between surviving old firms and nimbler new ones. The paper reviews factors that facilitated restructuring among surviving firms, and concludes that private sector ownership, hard budget constraints, and market-based economic institutions have served to strengthen corporate performance. The paper also shows that the predominance of insider privatization and the resulting low ownership concentration is one of the reasons for the poor performance of surviving firms Bibliography Includes bibliographical references (page 17) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL English digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Corporate reorganizations -- North Macedonia Corporations -- North Macedonia Business enterprises -- North Macedonia Privatization -- North Macedonia Business enterprises Corporate reorganizations Corporations Privatization North Macedonia Form Electronic book Author International Monetary Fund. European I Department. ISBN 128205077X 9781282050778 1451900988 9781451900989 1452750211 9781452750217 9786613798220 6613798223

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