Tags → rights


The vicious circles of control - regional governments and insiders in privatized Russian enterprises
January 2, 2008 16:33

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.

Analysis of European Neighbourhood Policy (ENP action plans for South Caucasus: Armenia, Azerbaijan and Georgia)
March 3, 2008 11:19