Transactional Structures of Bank Privatizations in Central Europe and Russia
Transactional Structures of Bank Privatizations in Central Europe and Russia
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中欧和俄罗斯银行私有化的交易结构
DOI：
10.1006/jcec.1997.1446
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发表时间：
1997
影响因子：
2.7
通讯作者：
Edward A. Snyder
中科院分区：
文献类型：
--
作者：
A. Meyendorff;Edward A. Snyder
在推行银行私有化的过程中，中欧和俄罗斯政府面临着一系列共同的政策问题，包括如何打破单一银行体系来处理问题贷款、将国有银行的股权转移到私营部门以及吸引金融和人力资本进入银行。对于每家正在进行私有化的银行来说，政府处理此类问题的方式决定了其“交易结构”。在本文中，我们开发了这个概念框架，并评估了对正在进行私有化的主要商业银行的三项研究的结果。这些私有化中使用的不同交易结构似乎对每家银行的微观结构产生了重大影响。此外，交易结构被证明会影响银行战略和私有化后的绩效。
In pursuing bank privatization the governments in Central Europe and Russia faced a common set of policy issues including how to break up the monobank system deal with troubled loans, transfer equity in the state banks to the private sector, and attract financial and human capital to the banks. For each bank undergoing privatization, the government's approach to such issues determines its "transaction structure." In this article we develop this conceptual framework and assess the findings from three studies of major commercial banks undergoing privatization. The varied transactional structures used in these privatizations appear to have had significant effects on each bank's microstructure. In addition the transactional structures are shown to influence bank strategy and post-privatization performance.