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Article
Hierarchy of governance institutions and the pecking order of privatisation: Central-Eastern Europe and Central Asia reconsidered
Post-Communist Economies (2009)
  • Tomasz M Mickiewicz, University College London
Abstract

This article discusses property rights, corporate governance frameworks and privatisation outcomes in the Central–Eastern Europe and Central Asia (CEECA) region. We argue that while CEECA still suffers from deficient ‘higher order’ institutions, this is not attracting sufficient attention from international institutions like EBRD and the World Bank, which focus on ‘lower order’ indicators. We discuss factors that may alleviate the negative impact of the weakness in institutional environment and argue for the pecking order of privatisation, where equivalent privatisation is given a priority but speed is not compromised.

Keywords
  • corporate governance,
  • property rights,
  • transition,
  • privatisation,
  • Central Europe,
  • Eastern Europe,
  • Russia
Publication Date
2009
Citation Information
Tomasz M Mickiewicz. "Hierarchy of governance institutions and the pecking order of privatisation: Central-Eastern Europe and Central Asia reconsidered" Post-Communist Economies Vol. 21 Iss. 4 (2009)
Available at: http://works.bepress.com/tomasz_mickiewicz/7/