Secondary Privatization in Slovenia: Evolution of Ownership Structure and Company Performance Following Mass Privatization

Abstract

In presenting a clear picture of secondary privatization trends in Slovenia, the authors of this volume tried to evaluate the effectiveness of various privatization schemes in terms of their open-endedness (i.e., the degree to which they foster flexibility in adjustments of ownership structures) and in terms of achieving good corporate governance. Additionally, they formulate and examine hypotheses concerning the relationships between changes in the economic performance of enterprises and post-privatization changes in their ownership structures.

This report also includes a set of recommendations concerning necessary changes in the regulations and policies governing privatization and capital markets in Slovenia,designed to foster the development of privatized enterprises and to meet the requirements of the process of accession to the European Union.