Objective
This project aims to consider and analyse the following issues: models of privatization applied and their possible economic and social outcomes; managerial principles, interests and practices at privatized firms in comparison to the management of state-owned enterprises; bad debts, bankruptcies and sanction of enterprises and their impact on investment decisions at microlevel; economic leverage of capital transfer from short-term commercial operations to long-term productive investments; impact of privatization on the investment process and the national economic growth.
Privatization in most of the post-communist countries proceeds against a background of productivity recession, decrease of investment activity and rise of inflation. These negative features in economic growth of post-communist countries are connected mainly with the process of destruction of the old management system and also with extremely slow development of market institutions, particularly of the securities market and the process of privatization.
The project includes investigation of the features of corporate management of the privatized firms in comparison with the firms which have stayed partly or entirely state-owned. An important subject of research is the investment potentialities of state-owned, privatized and new private companies. In particularly, the question of floating capital from the trading and mediator sphere into the production sphere will be inquired into as well as the floating of capital from the military-industrial complex into civilian production. The connections between financial stabilization of the economy and privatization dynamics will also be considered.
Topic(s)
Call for proposal
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37129 Verona
Italy