Privatization Surprises in Transition Economies

Employee-Ownership in Central and Eastern Europe

Edited by Milica Uvalic, Associate Professor of Economic Policy and Director of the Institute of Economic Studies, University of Perugia, Italy and Daniel Vaughan-Whitehead, Professor, University of Geneva, Switzerland and Sciences Po, Paris, France

This up to date book provides the first evidence on employee-ownership in Central and Eastern Europe. This subject has attracted growing interest in recent years, since the sale and free distribution of enterprise shares to employed workers and mangers have surprisingly become frequent privatization methods in many transitional economies. The book highlights some of the crucial issues which have been debated in recent economic literature, in particular the advantages and risks of employee-ownership in comparison with other privatization methods. It also provides an overview of individual countries’ experiences and makes some important policy recommendations.

‘Privatization Surprises in Transition Economies is a welcome addition to studies of economic transition.’
– Sonja Novkovic, Economic Analysis

‘This book can be of benefit to all students of privatization and transformation, not only economists, but also political scientists and sociologists.’
——伽柏匈牙利语ya, Slavic Review

‘The volume is well-structured and contains a wealth of relevant information. . . the book can be recommended to all those who are interested in the privatization of enterprises in Central and Eastern Europe, as well as to those who are interested in the impact of employee-ownership on enterprise performance.’
– Thomas Eger, Economic Systems