ENGLISH

Restructuring and managing the enterprise in transition

By Itzhak Goldberg , Roy L. Crum

Book information

Publisher
World Bank Publications
Year
1998
ISBN
0821336584, 9780821336588
LCC
HG4133.7 .C78 1998
Google Books ID
3K0K409T6A4C
Open Library ID
OL984929M
Language
english
Format
EPUB
Filesize
2 MB (1673155 bytes)
Pages
\0
Time added
2011-08-31 04:54:40

Description

A wide gap still exists between Western concepts and their application in the ex-socialist countries during transition. Most Western models in financial management make assumptions about the efficiency and stability of markets and the signals that can be obtained and also assume that traditional accounting information is available and can be used for management purposes. A new paradigm is needed to manage the finance function in a transition economy experiencing hyperinflation since stamdard assumptions are not valid in most ex-socialist countries. This book describes the adaptations of financial techniques as it reviews standard financial concepts and tools, adjusts them when necessary to the unique conditions in the ex-socialist enterprises, and then presents the restructuring context and some strategies that are based on the application of these tools.

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