Počet záznamů: 1  

The effect of enterprise break-ups on performance: the case of the former Yugoslav Republic of Macedonia

  1. 1. 0380778 - NHU-N 2013 RIV FR eng J - Článek v odborném periodiku
    Domadenik, P. - Lízal, Lubomír - Pahor, M.
    The effect of enterprise break-ups on performance: the case of the former Yugoslav Republic of Macedonia.
    Revue économique. Roč. 63, č. 5 (2012), s. 849-866. ISSN 0035-2764
    Institucionální podpora: RVO:67985998
    Klíčová slova: enterprise break-ups * Macedonia * performance
    Kód oboru RIV: AH - Ekonomie
    http://www.cairn.info/resume.php?ID_ARTICLE=RECO_635_0849

    The transition literature on the comparison of restructuring prior to privatization has been theoretically well researched, yet the empirical evidence is limited. Virtually no study has dealt with the Macedonian economy at all. Using firm level data, we estimate the effects of the break-ups of enterprises on the subsequent performance of the “master enterprises” and spun-off divisions. We estimate the performance effects by comparing the performance of enterprises that remained intact with the performance of enterprises that experienced spin-offs and the newly established subsidiaries. Our results suggest that the break-ups were guided not by efficiency goals, but rather by managerial self-interest.
    Trvalý link: http://hdl.handle.net/11104/0211400