Abstract
Massive privatisation in Russia moved a substantial proportion of former state properties into the hands of private economic agents (especially in the public catering, personal services, trade, and construction sectors), produced a corporate sector in the economy, and triggered the development of a securities market. The establishment of ownership rights and the more efficient operation of new legal entities have been one of the main consequences of reforms. Apart from the transformation of former state units into joint-stock companies (JSCs), the need to survive in a transitional environment is also forcing companies to transform the structure of properties themselves. Recently privatised enterprises began buying the sites they occupy — a natural continuation of the divestiture and privatisation process.
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Oding, N.Y. (1999). Enterprises in a Transitional Economy. Divestiture and Adjustment. In: Welfens, P.J.J., Gloede, K., Strohe, H.G., Wagner, D. (eds) Systemtransformation in Deutschland und Rußland. Wirtschaftswissenschaftliche Beiträge, vol 169. Physica, Heidelberg. https://doi.org/10.1007/978-3-662-13075-9_13
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DOI: https://doi.org/10.1007/978-3-662-13075-9_13
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