caa a22 4500 397566239 CHVBK 20180308164829.0 cr unu---uuuuu 161202e199608 xx s 000 0 eng 10.1093/wbro/11.2.179 doi (NATIONALLICENCE)oxford-10.1093/wbro/11.2.179 Gray Cheryl W. IN SEARCH OF OWNERS: PRIVATIZATION AND CORPORATE GOVERNANCE IN TRANSITION ECONOMIES [Elektronische Daten] [Cheryl W. Gray] Experiments in privatizing enterprises in transition economies abound, from extensive efforts at sales to strategic owners (as in Estonia and Hungary), to programs based primarily on insider buyouts (as in Russia and Slovenia), to innovative mass privatization programs involving the creation of large and powerful new financial intermediaries (as in the Czech and Slovak republics and Poland). Each approach has inherent strengths and risks. But if the objectives are to sever the links between the state and the enterprises, to school the population in market basics, and to foster further ownership change, the initial weight of evidence seems to favor significant reliance on voucher privatization, especially given the difficulty most countries have finding willing cash investors. © 1996 The International Bank for Reconstruction and Development/The World Bank Articles nationallicence The World Bank Research Observer Oxford University Press 11/2(1996-08), 179-197 0257-3032 11:2<179 1996 11 wbro https://doi.org/10.1093/wbro/11.2.179 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1093/wbro/11.2.179 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Gray Cheryl W. NATIONALLICENCE 773 0- The World Bank Research Observer Oxford University Press 11/2(1996-08), 179-197 0257-3032 11:2<179 1996 11 wbro Metadata rights reserved CC BY-NC-4.0 http://creativecommons.org/licenses/by-nc/4.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-oxford