Privatization, Corporate Governance and the Emergence of Markets

ECKEHARD ROSEBAUM is Research Fellow at the Frankfurt Institute for Transformation Studies, European University Viadrina, Frankfurt (O). His main research focuses on the development of markets in transformation countries. Amongst other things, he has published in the Journal of Economic Methodology and in Transport Reviews. FRANK BVNKER is Lecturer in Economics at the European University Viadrina, Frankfurt (O). His main research interests concentrate on the political economy of reforms in both Eastern and Western Europe. His recent publications include (as co-author) Institutional Design in Post-communist Societies and (as co-editor) Transformation Sozialistischer Gesellschaften: Am Ende des Anfangs. HANS-J\RGEN WAGENER is Professor of economics at the European University in Frankfurt (O) and director of the Frankfurt Institute for Transformation Studies. Recent publications include (as editor) Economic Thought in Communist and Post-communist Europe and The Political Economy of Transformation.

• Acknowledgements List of Contributors Privatisation in Context: An Introduction; E.F.Rosenbaum, F.Bönker & H.J.Wagener PART I: THE POLITICAL AND FISCAL DIMENSION OF PRIVATISATION Polish Mass Privatisation: Success or Failure?; R.Gesell On the Political Economy of Privatisation in Eastern Germany; U.Siegmund Fiscal Aspects of Privatisation: The Paradox of Privatisation Revenues; D.Süb PART II: PRIVATISATION, CORPORATE GOVERNANCE AND ECONOMIC RESTRUCTURING Changing Models of Corporate Governance in OECD Countries; P.W.Moerland Corporate Governance - A Systemic Approach with an Application to Eastern Europe; R.Heinrich Empirical Analysis of Corporate Governance in Transition; W.Carlin Privatisation and Corporate Governance in Transition Countries: Beyond the Principal-Agent Mode; W.Andreff Corporate Governance During and After Privatisation: The Lessons from Hungary; P.Mihályi Banks and the Privatisation of Enterprises in Poland; R.Chudzik Manager Incentives and Turnover of Managers: Evidence from the Czech Republic; S.Claessens & S.Djankov The Relationship Between FDI, Privatisation and Structural Change in Central and Eastern European Countries; G.Hunya PART III: PRIVATISATION AND THE EMERGENCE OF MARKETS Transforming Socialist Networks; M.Keren Towards a Theory of Markets - Networks, Communication and Knowledge; E.F.Rosenbaum Direct Foreign Investment and the Evolution of Markets in Central and Eastern Europe; K.Meyer References Index