TY - JOUR
T1 - Hierarchy of governance institutions and the pecking order of privatisation
AU - Mickiewicz, Tomasz
PY - 2009/12
Y1 - 2009/12
N2 - This article discusses 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 from international institutions like EBRD and the 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.
AB - This article discusses 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 from international institutions like EBRD and the 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.
UR - http://www.tandfonline.com/10.1080/14631370903339823
U2 - 10.1080/14631370903339823
DO - 10.1080/14631370903339823
M3 - Article
SN - 1463-1377
VL - 21
SP - 399
EP - 423
JO - Post-Communist Economies
JF - Post-Communist Economies
IS - 4
ER -