Privatization and Deindustrialization in East Germany PDF Download

Author: Wendy Carlin
Publisher:
ISBN:
Category : Germany
Languages : en
Pages : 48

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Author: Mr.Dieter Bös
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 38

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This paper deals with the privatization, restructuring, and liquidation of East German industrial firms. A partnership model is suggested for privatization where the Government’s property trust (Treuhandanstait (THA)) is made a silent partner of the private investors. The application of a general scheme of wage subsidies is rejected in the paper. Furthermore, the paper argues against restructuring policies of the Government’s property trust and proposes to set decreasing limits on the trust’s finances for the years following 1993. The decreasing financial inflow will force the Government’s trust to close firms, and will also signal the commitment of the Government to liquidate the trust itself by, say, the year 2000.

Author: Dieter Bös
Publisher:
ISBN:
Category :
Languages : en
Pages : 32

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Book Description
This paper deals with the privatization, restructuring, and liquidation of East German industrial firms. A partnership model is suggested for privatization where the Government`s property trust (Treuhandanstalt (THA)) is made a silent partner of the private investors. The application of a general scheme of wage subsidies is rejected in the paper. Furthermore, the paper argues against restructuring policies of the Government`s property trust and proposes to set decreasing limits on the trust`s finances for the years following 1993. The decreasing financial inflow will force the Government`s trust to close firms, and will also signal the commitment of the Government to liquidate the trust itself by, say, the year 2000.

Author: Herbert Brücker
Publisher: Routledge
ISBN: 1135777438
Category : Business & Economics
Languages : en
Pages : 281

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This text gives an analysis of privatization and restructuring by the Treuhandanstalt in East Germany. It also addresses the theoretical and conceptual problems of large-scale privatization in the transformation process.

Author: Asha Gupta
Publisher:
ISBN:
Category : Privatization
Languages : en
Pages : 64

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Author: Jutta E. Howard
Publisher: Routledge
ISBN:
Category : Business & Economics
Languages : en
Pages : 242

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Book Description
This study explores the operation of the Treuhandanstalt, the trust agency responsible for implementing the massive privatization programme launched in the former East Germany in 1990. It evaluates the level of satisfaction that stakeholder groups typically felt with regard to the agency, it actions and its achievements.

Author: Hans-Werner Sinn
Publisher:
ISBN:
Category : Germany (East)
Languages : en
Pages : 48

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Author: Lukas Mergele
Publisher:
ISBN:
Category :
Languages : en
Pages :

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The end of communism in the 1990s probably is the most fundamental restructuring of institutions witnessed in recent history. At its core was the large-scale redistribution of previously state-owned companies. We construct a unique firm-level dataset to study this redistribution in East Germany where the entire state-owned economy was either privatized or liquidated within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive firms using initial labor productivity to indicate firms' competitiveness. Our results highlight that firms with higher baseline productivity are more likely to be privatized, yield higher sales prices, are more often acquired by West German investors, and are more likely to remain in business even 20 years after leaving public ownership. The privatization agency plausibly contributed to these outcomes by rating and prioritizing productive firms.

Author: Jutta E. Howard
Publisher: Routledge
ISBN: 1351750283
Category : Business & Economics
Languages : en
Pages : 207

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Book Description
This title was first published in 2001. This study explores the operation of the Treuhandanstalt, the trust agency responsible for implementing the massive privatization programme launched in the former East Germany in 1990. It evaluates the level of satisfaction that stakeholder groups typically felt with regard to the agency, its actions and its achievements.

Author: I. J. Alexander Dyck
Publisher:
ISBN:
Category :
Languages : en
Pages :

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The German government rapidly privatized state owned enterprises thorough an auction mechanism with openness to all purchasers. Western German firms purchased most enterprises raising suggestions of inefficiency or corruption. This paper rationalizes the government approach, suggesting the key to understanding these elements of the economic transition is recognition of the need to select western management and transfer them to eastern enterprises. I demonstrate the importance of management selection through a model of adverse selection based on information advantages for private owners. Privatization can improve the quality and level of management in eastern enterprises, and these benefits can increase with the size of the transition. Evidence from East Germany supports the theoretical assumptions and is consistent with model predictions.