Privatisation and Corporate Governance in Eastern Europe

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Privatisation and Corporate Governance in Eastern Europe

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Title: Privatisation and Corporate Governance in Eastern Europe
The Emergence of Stakeholder Capitalism
Author: Meyer, Klaus E.
Abstract: An unintended outcome of transition is the emergence of new forms of governance. Stakeholders other than shareholders influence corporate management to a higher degree than in mature market economies. Employees gained influence through ownership stakes or work councils, while elsewhere investment funds or governmental authorities retain influence via equity stakes or otherwise. This paper reviews privatisation and the newly created forms of private ownership to document the evolution of stakeholder capitalism and to discuss the opportunities and dangers that it may create for businesses in the region.
URI: http://hdl.handle.net/10398/7088
Date: 2004-03-08

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