Arbeitspapier

Enterprise restructuring in Belarus

We explore the impact of privatization and the entry of new firms on enterprise performance in Belarus, a transition economy in which reform and market-orientated institutional development has been limited. We hypothesize that private ownership will enhance company performance, measured in a variety of ways including profitability and capacity to export to the West, and that newly created firms will perform better than state-owned ones. Our work is based on a large enterprise level survey which includes state-owned firms, privatized companies and newly created enterprises. The data refute both hypotheses. We conclude that this is probably because the institutional environment has not evolved sufficiently from the socialist era to permit free competition and effective governance by new owners.

Language
Englisch

Bibliographic citation
Series: IZA Discussion Papers ; No. 2148

Classification
Wirtschaft
Socialist Enterprises and Their Transitions
Subject
enterprise restructuring
privatization
transition
Belarus
Privatisierung
Markteintritt
Unternehmensentwicklung
Weißrussland

Event
Geistige Schöpfung
(who)
Bakanova, Marina
Estrin, Saul
Pelipas, Igor
Pukovich, Sergei
Event
Veröffentlichung
(who)
Institute for the Study of Labor (IZA)
(where)
Bonn
(when)
2006

Handle
Last update
10.03.2025, 11:45 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Bakanova, Marina
  • Estrin, Saul
  • Pelipas, Igor
  • Pukovich, Sergei
  • Institute for the Study of Labor (IZA)

Time of origin

  • 2006

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