Indexes - Index of Governance and Enterprise Restructuring...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Index of Governance and Enterprise Restructuring 1 Soft budget constraints (lax credit and subsidy policies weakening financial discipline at the enterprise level); few other reforms to promote corporate governance; 2 Moderately tight credit and subsidy policy but weak enforcement of bankruptcy legislation and little action taken to strengthen competition and corporate governance; 3 Significant and sustained actions to harden budget constraints and to promote corporate governance effectively (e.g. through privatization combined with tight credit and subsidy policies and/or enforcement of bankruptcy legislation); 4 Substantial improvement in corporate governance, for example, an account of an active corporate control market; significant new investment at the enterprise level. Source: EBRD, Transition Report (various issues) and country experts’ assessments. Index of Wage Liberalization 1 Most wages formally set up by the government through the wage grid; 2 Attempts of wage liberalization; government sets up wages in some sectors of the
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

Indexes - Index of Governance and Enterprise Restructuring...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online