Abstract
This chapter traces the evolution of enterprise governance over the past 10 years. Using the language of Stark (1992, 1996b) we reject the ‘starting from scratch’ approach in which privatization is portrayed as a new world being built on the ruins of communism. For us transformation resembles more a bricolage of rebuilding with the ruins. Instead of thinking about organizational innovation only as a replacement, we see reconfigurations and rearrangements of existing institutional elements. Thus the analysis below takes as its point of departure that the changes in enterprise governance — as well as in privatization and transition in a broader sense — are marked by path dependence.
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© 2000 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Mihályi, P. (2000). Corporate Governance during and after Privatization: the Lessons from Hungary. In: Rosenbaum, E.F., Bönker, F., Wagener, HJ. (eds) Privatization, Corporate Governance and the Emergence of Markets. Studies in Economic Transition. Palgrave Macmillan, London. https://doi.org/10.1057/9780230286078_9
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DOI: https://doi.org/10.1057/9780230286078_9
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-41800-8
Online ISBN: 978-0-230-28607-8
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