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EN
One dominant idea in the 1990s was extension of private ownership, including transfer of state assets into private hands, was a cornerstone of the economic change of system in Central and Eastern Europe. So economists and politicians in recent years were concerned mainly to justify privatizing state-owned firms. Now the endgame - sales of remaining assets and in some cases revision of unsuccessful transactions - has brought back into the crossfire of political contention some basic theoretical issues debated at the beginning of privatization. Does it matter at all who the owner is? What can justify maintaining and extending state ownership? Can the state operate as a better owner in a market economy than it can in a planned economy? With almost 15 years' experience of market economic transformation behind us, it becomes possible to examine the validity of theories in the light of practice.
EN
The two main contentions in the article are that a kind of creative destruction has been occurring in the Hungarian economy since the change of system, but that the trend is cyclic, not continuous. The trend encompasses a radical transformation of the market, production and ownership structures. The cyclicity - periodic acceleration and deceleration of various economic and privatization processes - derives partly from world economic processes such as external demand and international capital flows, and partly from domestic causes.
EN
The centralization the corporate structural system inherited from the planned economy acts as an impediment to market competition, so that many of the big, artificially created state-owned firms have to be broken up. An active part in doing so has to be played by the state, through the Economic Competition Office as 'guardian' of competition. The logic is clear, but a matter of dispute theoretically and in practice. The article presents the theoretical dilemmas of demonopolization that appeared with the change of system and shows what attempts were made to resolve them through competition regulation and the activity of the Competition Office. It emerges from the analysis that the main role in building up the structural conditions was not played by the Competition Office, which declined the task of inspecting the inherited structure and the privatization decisions, seeing it as economically and politically delicate. As for the small number of merger decisions connected with privatization that it took, they were handled in a legal fashion, but most of the sales and take-overs were simply permitted, not always for consistent reasons.
EN
The developments in business initiated in 1989 were accompanied by actions aimed at adjusting the property structure of our economy to the capitalist standards. This article is an attempt to summerize deliberations on the dominance of private over public property. So far, there are many theories in the academic achievements concerning the effectiveness of both property forms. Their qualities determine human behaviour, leading to various actions which influence labour efficiency and productivity of engaged resources. In her paper the author presents, based on selected theories, arguments for privatization of state subjects characterized by lower effectiveness of management than private subjects. Verification of the adopted in theories regularities could be achieved by conducting empirical research within the scope of the effectiveness of the privatization carried out in Poland in recent 20 years. However, an analysis of statistical data concerning the life cycle of privatized subjets provides contradictory information. It is true, there is a number of enterprises which, owing to the fact that they had changed the form of property, improved their financial condition and the level of competitiveness. However, there are such firms that terminated their operations through liquidation or bankrupcy. Nevertheless, the subjects of the private sector are certainly much more efficient in relation to management of resources which, consequently, directly determines the financial results of their business activities.
EN
To introduce ethics to business one should undertake the following measures. (1) Bridge the economic gap between Poland A and B and carry out pro-social actions, no matter the political color of the ruling party. Negligence of those factors is non-ethical from the point of the Roman Catholic Church and from the perspective of the social-democratic or even liberal party programs. (2) The structure of the state has to be radically changed in order to achieve political transparency of the political institutions and to attain effective mechanism of control of the state servants. It is an urgent need to avoid further erosion of the state institutions, which are constantly exposed to the corruption practice. The anti-corruption laws, passed by the Polish Parliament on 1 July 2003, give hope for improvement. (3) Ethic dimension of privatization supervised by the Ministry of Treasure is an important factor. Unfortunate links between business and politicians tend to the 'institutionalization of the lack of responsibility' . Further existence of such links may question the future economic and social reforms. (4) Ethics of privatization (in economy, politics and business) has been recently the top issue, widely discussed by the Polish mass media. Eruption of one such affair results in the domino effect, which causes the avalanche of non-ethical, often criminal acts, posing danger to the social order.
EN
The changes on the Polish labor market are influenced by two processes: 1) the systemic change from socialist toward market economy and 2) globalization. Privatization and restructuring of the socialist economy are the most important factors of the first process. Both of them, from the point of view of the labor market analysis, have disadvantages - like high unemployment rate and advantages - changes in the occupational status (the emergence of new categories: employers and self-employed) and in proportion of the employed within various sectors of the economy (decrease in industry and agriculture,increase in service). Ali the above-mentioned processes connected with systemic transformation are visible through the National Census data. However, these data did not provide any insight to globalization processes. Given occupational classification as well as description of economic activities do not allow for the analysis of the modern services industry's emergence.
EN
The paper focuses on corporate governance meaning for enterprises modernization, especially in Central and Eastern Europe countries. The author explains the notion and nature of corporate governance and its role in enterprises’ development and modernization. Other part of the paper provides a description of basic corporate governance mechanism in Poland and Russia.
EN
The author reveals theoretical and methodological bases for land privatization by the inhabitants of the Carpathian macroregion. It is suggested the new criteria for the evaluation of agricultural land privatization efficiency. The article underlines the necessity to carry out restructuring of land fund in the investigated macroregion.
EN
The process of privatization of companies basically generates the transfer of ownership of companies, which leads to the change of management form to private companies and persons. The subject of this research is to determine the scopes and challenges of the privatization process in the Republic of Serbia. The goal of the research is to define the level of applicability and adaptability of privatization models under transitory conditions. The basic hypothesis of the research is that there is a correlative relationship between the numbers of offered and sold companies and the methods used. The results of this research will indicate the scopes, challenges and efficiency of the privatization processes in Serbia, appropriately providing a scientific background for further research in the area. The object of the research are the scopes and challenges of privatization in the case of the Republic of Serbia with a special overview on the Autonomous Province of Vojvodina as the most developed region of Serbia and under the hypothesis that the effects of privatization on the territory of AP Vojvodina are greatly felt on the whole territory of Serbia.
EN
The article, prepared at the request of an American university institute specializing in Cuban studies, asks what Cuba can learn from the Eastern European transformation when it eventually takes the post-communist path. The author broadens this into the enquiry outlined in the title. There is no universal prescription. The order and speed of tasks and specific methods employed depend on the country's specific situation. It would be a mistake to follow mechanically the path of any other country. However, there are common features in the approach to preparing the transformation programme. The strong political charge in any essential change must not be forgotten. It is illusory to expect tasks to be purely professional and 'politics-free'. The ethical aspects of the changes planned have to be conscientiously considered. The study analyses the experiences with representative democracy, creation of a state of law, privatization, price reform and liberalization, and reform of the welfare state. Finally, something is said about the responsibility of foreign advisers and norms of behaviour applicable to them.
EN
The authors make an attempt at analyzing the corporate governance system in Russia. At the outset, they explain the notion and nature of corporate governance and they present national systems of supervision in developed countries, i.e. in the United States, Germany and Japan. In the authors' view, the form of the corporate governance system in the Russian economy was determined by the privatization of state enterprises in 1990s. Other parts of the paper provide a description of basic institutions and corporate governance mechanisms within the Russian Federation.
Sociológia (Sociology)
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2011
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vol. 43
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issue 4
391-404
EN
The study deals with the issue of managing people in the time when the former socialist enterprises are transformed. The aim of the study is to clarify the human side and the social context of the two phases of transformation - privatization and the strategic partnership by means of a description of changes in managing people. The study wants to extend the views of the transformation with a view from the enterprise. The theoretical background is the theory of modernization as one form of social change, non-economical knowledge of privatization and strategic partnership. The author tries to describe managing people by seven indicators: the strategy and tactics of managing people, relevant contents of managing people, managing people as a daily social activity of managers, the methods and procedures of managing people, important subjects of managing people and response of managing people. The study also shortly informs about the methodology used in sociological research. The final part of the study presents the main findings on the constituent elements of managing people, their comparison in time of privatization and strategic partnership and the comparison of managing people by German and French strategic partners.
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