Enterprise Exit Processes in Transition Economies · Downsizing, Workouts, & Liquidation

The rebirth of competition and the extensive 'exit' that has resulted are among the most important developments in Central Europe since the demise of communism. This book examines why, how, and to what extent enterprises have reduced in size or left the market altogether during the first years of the transition from socialism to capitalism in the Czech Republic, Hungary, and Poland.