This volume focuses on the performance of firms as a measure of the effectiveness of corporate governance, and then attempts to draw conclusions about the relative advantages of different ownership structures. The analysis is based on studies of firms in the Czech Republic, Hungary and Poland.
Economic restructuring in Eastern Europe has added a new universe of firms to the pool of cases for study of managerial effectiveness. Yet, in the ideologically charged atmosphere of post-communist transitions, analysis of the functioning of East European firms is sometimes clouded by preoccupation with privatization issues -- whether ownership is held by banks, a state or public agency, foreign investors, or inside or outside shareholders. This volume focuses on the performance of firms as a measure of the effectiveness of corporate governance, and only then attempts to draw conclusions about the relative advantages of different ownership structures.
