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The vicious circles of control - regional governments and insiders in privatized Russian enterprises

How can one account for the puzzling behavior of insider-managers who, in stripping assets from the very firms they own, appear to be stealing from one pocket to fill the other? The authors suggest that such asset-stripping and failure to restructure are the consequences of interactions between insiders (manager-owners) and regional governments in a particular property rights regime.

Link http://www-wds.worldbank.…64258546&theSitePK=523679
Author Desai, Raj M. ; Goldberg, I.
Date 29-Feb-2000
Institute World Bank
Tags privatization, Russian, enterprise, property, rights

See also

  1. Basic results analysis of privatization problems in the Republic of Uzbekistan
  2. Privatization for any Price. Experience of Georgia during 1997-1998.
  3. Privatized industrial enterprises and industrial enterprises in the process of privatization in Kyrgyzstan.
  4. Mass privatization models.
  5. Ownership and corporate governance in Russian industry: a survey

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