Short Analysis of Romanian Banking Sector After BCR Privatization

„The greatest problem of Romanian companies’ privatisation appeared in the moment the Govern decided to privatizate Romanian Commercial Bank – the largest one in Romania. In this paper we devate the privatisation strategy, and analyze the benefits of all involved parts at this transaction. It is described the privatisation process, and the criteria token into account. After this very successfull privatisation major changes appeared on the Romanian Banking market.also we analyze others bank strategy towards this privatisation, and the BCR’ employees benefits. Also in this transaction were involved some financial Romanian institution S.I.F.(explained in the paper) and we analyze their strategy in selling theirs BCR shares to Erste Bank – the winner of the privatisation. Because these S.I.F. are listed on Bucharest Stock Exchange – a short analysis of their stock evolution is presented. After this privatisation, some commercial private banks of Romania trying to expand very quickly, in order to find in the next years a strong international bank to buy them. We compared also some banks, taking into account their evolution on Bucharest Stock Exchange – as a consequence of Romanian Commercial Bank privatisation. ”banking, privatisation, competition, strategy

Corporate governance and industrial relations in Poland

The paper discusses Polish privatisation from the industrial relations point of view. It focuses on the role of trade unions and workers councils in the privatisation process. Two polar privatisation blueprints are identified: those aiming at competitive 'atomistic' firms and those, which accentuate corporate financial-industrial structures and networks. The internal structure of corporate control in Polish companies is evaluated from this perspective, taking into account the role of organised labour, of the managers and of the politicians in the privatisation process

Lost in Translation: Interpreting the Brazilian Electric Power Privatisation Failure.

Did Latin American privatisation polices fail because of flawed implementation of fundamentally sound policies or because privatisation policies were themselves seriously flawed?Using the Brazilian electric power reforms as a narrative tool, this paper examines the causal chain assumed by large-scale privatisation policies implemented as part of structural reformand adjustment programmes. The paper concludes that many privatisation policies and the economic stabilisation programmes within which they were embedded were not mutually reinforcingas policymakers had expected and that in their application, much of what privatisation theories claimed was lost in translation.Brazil;privatisation;infrastructure;electric power

Corporate Governance and Secondary Privatisation in Poland: Legal Framework and Changes in Ownership Structure

The task of this paper is to provide information and analysis on the legal framework of privatisation and corporate governance in Poland and on secondary privatisation processes in Polish privatised enterprises, i.e. changes in ownership structure which are taking place after privatisation. The role of regulatory framework in secondary privatisation processes is also shown (besides a number of economic, social, gnoseological, and other factors).corporate governance, privatization, enterprise restructuring, Poland

The impact of slow privatisation in the beverage and textile industry in Eritrea

In many developing countries the privatisation of state owned enterprises is receiving increased attention but the selling of the enterprises is difficult. In Eritrea state owned enterprises were offered for sale at the end of 1996, but many of the relatively large companies are not privatised yet. This created the possibility to study the impact of slow privatisation in a developing country. After the privatisation announcement the state owned enterprises in both the profitable beverage industry as well as in the unprofitable textile industry showed negative effects on profitability. Moreover, managers in both industries complained about slow privatisation, but the complaints were different. In the profitable beverage industry privatisation frustrated the orientation on the future because the privatisation authorities restricted investments. The managers of the loss making textile industry were more involved with survival and they complained about the long duration of privatisation that made it impossible to get outside financing quickly.

Fighting for the public university

Unless we act against education privatisation it will set in and be difficult to reverse. It’s unrolling nationally, and local responses need to operate in a way which engages with this. We shouldn’t be negotiating privatisation. We should be turning it back

Privatisation in China: softly, softly does it

India’s halting attempts at privatisation and its preference, for the most part, for disinvestment have been roundly criticised by many as being inadequate. A more aggressive privatisation drive, it is contended, would make for superior economic performance. In popular discourse, China’s privatisation efforts are often compared favourably with India’s. This paper examines China’s record of privatisation to see whether it accords with popular perceptions. The record shows that China has been proceeded cautiously in its privatisation efforts. It has privatised – that is, sold off to private owners- only the smaller SOEs. The state retains control over the larger SOEs that dominate industrial output and profits. In respect of these, China has opted for gradual disinvestment with disinvested shares residing mostly with state-owned entities. Over a long period, China has pushed through reforms of SOEs, including conferment of greater autonomy on enterprises and introduction of incentives for workers and managers. The empirical evidence is that performance at SOEs has improved consequent to these reforms. It could be argued that full-blooded privatisation might have produced even better results. However, given the possible implications in terms of job losses as well as the absence of effective governance mechanisms in China’s underdeveloped capital market. China’s rulers may well have been justified in hastening slowly with privatisation.

Privatisation is no salvation. CEPS Commentary, 23 June 2011

Protests continue in Greece as its leaders debate the latest suggestions for dealing with its crippling debt. One proposal is for Greece to privatise several of its assets. This Commentary argues that privatisation is a mirage. If solvency is the problem, privatisation will only make matters worse, especially if it has to be done at distressed prices