Building market institutions in South Eastern Europe : comparative prospects for investment and private sector development / / Harry Broadman ... [et al.]

• Pubblicazione: Washington, DC, : World Bank, 2004
• Edizione: 1st ed.
• Descrizione fisica: xli, 365 pages : illustrations ; ; 23 cm
• Disciplina: 330.9496
• Soggetto topico: Investments, Foreign - Balkan Peninsula
• Soggetto geografico: Balkan Peninsula Economic integration; Balkan Peninsula Economic policy; Balkan Peninsula Commercial policy
• Altri autori: BroadmanHarry G
• Note generali: Bibliographic Level Mode of Issuance: Monograph
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Intro -- Contents -- Foreword -- Acknowledgments -- Building Market Institutions in South Eastern Europe- An Overview -- Abbreviations -- 1. Institutional Aspects of the South Eastern European Economy: Introduction, Trends, and Scope of the Study -- Background -- Trends in the SEE8 Economies -- Scope and Methodology of the Study -- Structure of the Study -- 2. Institutional Reform Progress to Date and Remaining Challenges in South Eastern Europe -- Aggregate Assessment of the Business Environment in SEE -- Institutional Impediments to Investment and Growth -- Conclusion: The Unresolved Institutional Problems in South Eastern Europe -- 3. Competition in South Eastern Europe -- Development of the Private Sector and Prospects for Competition in SEE -- Structural Conditions for Competition in SEE: Horizontal and Vertical Elements -- Assessment of Entry and Exit Barriers -- Business Performance and Competition -- Policies to Enhance Competition in South Eastern Europe -- Statistical Annex -- 4. Access to Regulated Infrastructure Utilities -- Tariffs, Access, and Quality of Service across Countries -- Infrastructure's Access and Quality across Different Enterprises' Characteristics -- Private Sector Involvement and Independence of Rulemaking -- Role of Infrastructure Development in Fostering Investment in the Real Sector and in Regional Integration -- Policy Recommendations -- 5. Corporate Ownership, Financial Transparency, and Access to Finance -- Introduction -- Forms of Ownership -- Transparency and Accountability in Firm Finances -- Access to Finance -- Financial Transparency, Investment, and Growth -- Policy Recommendations -- Annex: Additional Analyses -- 6. Resolving Business Disputes in South Eastern Europe: The Role of the Courts -- Avoidance of Business Disputes -- Contract Enforcement in Court -- Firms' Use of the Courts. ; Perceptions of Court Performance by Court Users -- Judicial Corruption -- Policy Implications -- Statistical Annex -- Boxes -- 2.1 The European Charter for Small Enterprises -- 2.2 Challenges in Establishing a Working Bankruptcy Institution in Albania and Bosnia and Herzegovina -- 2.3 Energy Problems and Setbacks for Reform in FYR Macedonia -- 2.4 Implementation Problems in Moldova -- 2.5 Water Challenges in Albania -- 2.6 Institutional Hurdles to Privatization in Bosnia and Herzegovina -- 2.7 Combating Corruption in Bulgaria through Public-Private Partnerships -- 2.8 Land Reform in Romania: Identifying and Tackling the Problems -- 3.1 Is Ownership Change Enough? -- 3.2 Variation in Number of Competitors -- 3.3 The "Home-Grown" Construction Sector in SEE -- 3.4 Market Dominance and Anticompetitive Pricing in SEE -- 3.5 Vertical Integration in the South Eastern European Food Processing and Retailing Sector -- 3.6 Weak Financial Discipline Delays the Exit of Loss-Makers and Distorts the Use of Capital -- 3.7 Brand Loyalty as a Barrier to Entry: The Case of Food Processing and Retailing -- 4.1 Uneven Playing Field in the Energy Sector -- 4.2 Utility Pricing -- 4.3 Electricity Crisis in Albania -- 4.4 Effect of Privatization on Infrastructure Business Users -- 4.5 Establishing a Competitive Mobile Market -- 4.6 Telecommunication Liberalization in the SEE8 -- 4.7 Preshipment Inspection in Moldova -- 4.8 Regional Energy Market -- 4.9 Regional Cooperation in Water Management -- 4.10 How Does EU Enlargement Affect Telecommunication Industries? -- 5.1 The Mixing of Social and Private Goals: State Ownership in Bosnia and Herzegovina -- 5.2 Postprivatization Concentration in Bulgaria -- 5.3 The Perils of Partial Privatization for a Croatian Firm -- 5.4 The Link between Accounting and Inspectorate Reforms in Moldova -- 5.5 Firm Skepticism of Audits in Albania. ; 5.6 The Pros and Cons of Barter in Croatia and Romania -- 5.7 Access to Formal Financing in Albania and FYR Macedonia -- 6.1 How Do Firms Avoid Business Disputes? -- 6.2 The Role of Business Associations in Resolving Commercial Disputes -- 6.3 Using Prepayment to Reduce Contractual Risk -- 6.4 Example of a Debt Collection Court Procedure -- 6.5 Which Firms Use the Courts? -- 6.6 How Are the Courts Perceived? -- 6.7 Disputes over Land Ownership -- 6.8 Resolving Payment Disputes with the Government -- Figures -- 1.1 Progress in the Transition of the SEE8: Small-Scale Privatization, Large-Scale Privatization, and Private Sector Share in Output -- 1.2 Registered Unemployment in the SEE8, 1994-2001 -- 1.3 Direction of Trade in the SEE8 -- 1.4 Inflows of Foreign Direct Investment in the SEE8, 1991-2003 -- 1.5 Institutional Development of the Business Sector and Foreign Direct Investment in the SEE8 -- 2.1 Aggregate Assessment of Institutional Barriers in the Business Environment in the SEE8, 1999 and 2002 -- 2.2 Institutional Progress in the SEE8, 1999 and 2002 -- 2.3 Changes in Average Employment by Enterprise Ownership, 1999-2002 -- 2.4 Firms with Subsidies and Arrears in the SEE8 under BEEPS1 and BEEPS2 -- 2.5 Assessment of Quality of Infrastructure -- 2.6 Largest Shareholder's Identity in Surveyed Firms, 2002 -- 2.7 Financial Disclosure and Transparency -- 2.8 Financing as an Obstacle to Enterprise Development -- 2.9 Aggregate Effectiveness of the Judiciary -- 3.1 Number of Competitors by Ownership Type, 1999 and 2002 -- 3.2 Number of Competitors by Country, 1999 and 2002 -- 3.3 Sales to Governmental Entities by Ownership Type and by Country, 2002 -- 3.4 Firms with Holdings or Operations outside Their Home Countries, 2002 -- 3.5 Expected Sales Sensitivity after a 10 Percent Price Increase, by Firm Market Share, 2002. ; 3.6 Expected Sales Sensitivity after a 10 Percent Price Increase, by Number of Competitors, 2002 -- 3.7 Number of Material Input Suppliers by Country, 2002 -- 3.8 Firms with More Than Three Material Input Suppliers, by Ownership Type and by Country, 2002 -- 3.9 Tenure of Supply Relationships: Firms with at Least 20 percent of Material Inputs from Suppliers Maintained for at Least 3 Years, 2002 -- 3.10 Reliance on Imported Inputs, 2002 -- 3.11 Key Barriers to Entry in SEE, 2002 -- 3.12 Average "Bribe Tax" Paid in SEE, by Firm Ownership, 2002 -- 3.13 Government Subsidies by Firm Ownership Type, 2002 -- 3.14 Government Subsidies by Sector, 2002 -- 3.15 Annual Changes in Sales Revenues, Exports, Employment, Investments in Fixed Assets, and Profit Margins, by Country, 1995-98 -- 3.16 Annual Changes in Sales Revenues, Exports, Employment, Investments in Fixed Assets, and Profit Margins, by Country, 1998-2001 -- 3.17 Annual Changes in Sales Revenues, Exports, Employment, Investments in Fixed Assets, and Profit Margins, by Sector, 1995-98 -- 3.18 Annual Changes in Sales Revenues, Exports, Employment, Investments in Fixed Assets, and Profit Margins, by Sector, 1998-2001 -- 3.19 Annual Changes in Sales Revenues, Exports, Employment, Investments in Fixed Assets, and Profit Margins, by Ownership, 1995-98 -- 3.20 Annual Changes in Sales Revenues, Exports, Employment, Investments in Fixed Assets, and Profit Margins, by Ownership, 1998-2001 -- 3.21 Distribution of Profit-to-Sales Ratio by Country, by Sector, and by Ownership Type -- 4.1 Infrastructure-Related Barriers by Sectors -- 4.2 Infrastructure-Related Arrears -- 4.3 Infrastructure-Related Arrears across Ownership Classes -- 4.4 Waiting Times for Infrastructure Services -- 4.5 Outages for Infrastructure Services -- 4.6 Unevenness of Waiting Times for Telecommunication Services. ; 4.7 Unevenness in Outages for Telecommunication Services -- 4.8 Unevenness of Waiting Times for Power Services -- 4.9 Unevenness in Outages for Power Services -- 4.10 Unevenness in Outages for Water Services -- 4.11 Urban and Rural Access to Water Services -- 4.12 Effect of an Independent Regulator on Performance Indicators -- 4.13 Business Use of Telecommunication Services -- 4.14 Telecommunication Development -- 4.15 Brain Drain -- 4.16 Customs and Trade Regulation Barriers -- 4.17 Export-Related Delays -- 4.18 Import-Related Delays -- 4.19 Ratios of Revenue Collected per Staff Person -- 5.1 Financial Transparency, as Reported by Firms, and GDP Growth -- 5.2 Privatization, Enterprise Restructuring, and Governance -- 5.3 Firms Reporting Use of International Accounting Standards, 1999 and 2002 -- 5.4 Firms Reporting Using IAS, by Size and Ownership Type, 2002 -- 5.5 Firms Reporting Using External Audits of Financial Statements, 1999 and 2002 -- 5.6 Firms Reporting Using External Audits, by Firm Size and Ownership Type -- 5.7 Prepaid and Credit Transactions -- 5.8 Barter, Bills of Exchange, and Debt Swaps as a Percentage of Sales -- 5.9 Percentage of Firms Using Barter, Bills of Exchange, or Debt Swaps -- 5.10 Factors Influencing the Use of Barter -- 5.11 Factors Influencing the Prevalence of Contract Violations by Customers -- 5.12 Percentage of Firms Using Bills of Exchange, Barter, or Debt Swaps, 1999 and 2002 -- 5.13 Methods of Financing New Investment, 1999 and 2002 -- 5.14 Financial Transparency and Firm Investment, 2002 -- 5.15 Financial Transparency and Firm Sales Growth -- 6.1 Confidence in the Legal System: Average across All Interviewed Firms, 1999 and 2002 -- 6.2 Duration of Debt Collection Court Cases: A Comparison of Transitional Economies -- 6.3 Lithuania: A Comparison of Available Procedures in Debt Collection. ; 6.4 Procedural Steps in the SEE8.
• Sommario/riassunto: Building Market Institutions in South Eastern Europe, a collaborative effort of the World Bank and the EBRD, analyses the institutional impediments to investment and growth in eight SEE countries - Albania, Bosnia and Herzegovina, Bulgaria, Croatia, FYR Macedonia, Moldova, Romania, and Serbia and Montenegro - and suggests policy reforms to ease these constraints. The analysis focuses on four core issues: (i) Business competition and economic barriers to entry/exit, (ii) Access to regulated utilities and services, (iii) Corporate ownership, financial transparency and access to finance, and (iv) Commercial dispute resolution. These issues are investigated empirically across the SEE countries to allow for cross-country comparisons and to develop a regional perspective on corresponding policy challenges.
• Titolo autorizzato: Building market institutions in South Eastern Europe
• ISBN: 1-280-08483-9; 9786610084838; 1-4175-0794-2
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910966015003321
• Lo trovi qui: Univ. Federico II
• Serie: Directions in development (Washington, D.C.); World Bank e-Library.