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References (3)
-
G. Mergos, C. Stoforos, P. Mishev, N. Ivanova (2001)
Analysing agricultural policy reforms under transition in BulgariaFood Policy, 26
-
S. Petranov (2001)
Concentration of Capital in the Public Joint-stock Companies, Protection for the Investors and the Capital Market: 1997-1999Economic Thought journal
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Marko Simoneti, S. Estrin (1999)
The Governance of Privatization Funds
- Publisher
- Wiley
- Copyright
- Copyright © 2000 Wiley Subscription Services, Inc., A Wiley Company
- ISSN
- 2577-6975
- eISSN
- 2577-6983
- DOI
- 10.1111/1468-0351.00042
- Publisher site
- See Article on Publisher Site
Abstract
In January 1995, a Socialist government came to power in Bulgaria and initiated a mass privatization programme. In the first wave of this programme, which was completed in June 1997, about one‐fourth of Bulgaria's state‐owned enterprises were partially privatized through the programme. Patterned after the Czech mass privatization programme, an important outcome of the Bulgarian programme is that investment funds have become important agents in the private sector of the economy. It is too early to determine whether enterprise restructuring will now occur, but initial market signals suggest that Bulgaria may soon suffer from many problems that now confront the Czech economy unless new corporate laws supporting ownership rights and better capital market regulations are enacted.
Journal
Economics of Transition and Institutional Change – Wiley
Published: Mar 1, 2000
Keywords: ; ; ;