Working Paper

• 16.03.2002

  Determinants of Enterprise Restructuring in Ukraine: the Role of Managerial Ownership and Human Capital

  (Code:13)

  For a set of data from a survey of middle-sized and large industrial enterprise in Ukraine after privatisation regression equations are estimated that explain the response of restructuring and performance indicators to ownership structures, competitive pressure, hardening budget constraints and changes in human capital. The training of managers has a strong positive impact on both the restructuring activities and performance of Ukrainian firms. As far as ownership is concerned, only the extent of managerial ownership influences restructuring and performances favorably while outside ownership does not matter. Competition exerts a positive effect on the performance of enterprises that are subject to harder budget constraints.

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  Authors:  Schwödiauer Gerhard, Akimova Iryna
  Tags:  Center of economic research