Privatization and principal-principal conflicts in transition economies
ISBN
978-1-137-37644-2
Type
book section
Date Issued
2015
Author(s)
Editor(s)
Goranova, Maria
Ryan, Lori Verstegen
Abstract
Although shareholder rights are essential for effective privatization processes, along with other formal institutions they are also weak in transition economies offering a new window to understand the new agency problems centered on principal-principal conflicts. In this chapter, we address principal-principal conflicts in transition economies and specifically explore the role of privatization on firm ownership structure and institutional development. We argue that the heterogeneity in terms of the methods and speed of privatization helps us understand the underlying conditions that contributed to the evolution of concentrated ownership over dispersed structure and also the differences in ownership identities and institutional development across transition economies
Language
English
HSG Classification
contribution to scientific community
Refereed
No
Book title
Shareholder Empowerment : a new era in corporate governance
Publisher
Palgrave Macmillan
Publisher place
Houndmills
Start page
239
End page
266
Pages
41
Subject(s)
Eprints ID
244599