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Case Studies

Post-privatisation Enterprise Restructuring


Bornstein, M.,‘Post-privatisation Enterprise Restructuring', Post-Communist Economies, Vol.13, Issue 2 (2001), 189-203

Post-privatisation restructuring of former state-owned enterprises (FSOEs) encompasses both shorter-run 'defensive' actions and longer-run 'strategic' measures. Restructuring involves changes in corporate governance, organisational structure, management, labour, capital, technology, output and sales. Various performance indicators may measure the results of restructuring, but care is required in the selection and interpretation of indicators. In the restructuring of FSOEs foreign strategic investors have many advantages over domestic investors. The study includes examples from experience in the Czech Republic, Hungary and Poland.

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  • August 6, 1940 - Estonia became a part of Soviet Union
  • From June 1940 until August 1941, more than 7000 Estonian citizens were arrested