Publication

This report presents the results of empirical research concerning the progress of privatization and its impact on the situation of privatized enterprises in Bulgaria. The primary aim of the research was to find correlations between the applied privatization methods and techniques, and the ownership structure shaped as a result of privatization. The authors find that a vast majority of the surveyed companies undertake some forms of restructuring programs and that a dispersed ownership structure and one dominated by domestic outsiders tends to lead to more undertaken restructuring programs.