Abstract
Employee buyout, the main privatization vehicle for large Russian industrial enterprises, has been widely critized because it provides no new funds for investment, produces sub-optimal decisions in terms of operations and strategy, and results in faulty corporate governance. While our study confirms these features, our analysis suggests that employee buyout offers a major advantage as a versatile structure that can change over time to produce a genuine industrial transformation.
Similar content being viewed by others
Author information
Authors and Affiliations
Rights and permissions
About this article
Cite this article
Buck, T., Filatotchev, I. & Wright, M. Employee Buyouts and the Transformation of Russian Industry. Comp Econ Stud 36, 1–15 (1994). https://doi.org/10.1057/ces.1994.8
Published:
Issue Date:
DOI: https://doi.org/10.1057/ces.1994.8