Publication at Faculty of Arts |
2016
Abstract
Transfers of public assets to private owners of companies have been recognized as the important aspect of changes concerning management of enterprises. Adherents of institutional economics have argued that post-communist transformations should be seen through the perspective of formal rules and informal constraints.
The article reviews the institutional conceptualization of early post-communist property changes to provide a framework for the adoption of more differentiated patterns regarding elucidation of interdependence between current privatization processes and structuring of management practices.