The chances of dinosaurs

Restructuring and privatization of large firms

What does systemic change mean for large scale Hungarian industry? How have the organizational and ownership structure of large socialist firms changed? How have their activities, behavior and orientation modified? What kind of firm strategies proved to be successful? What is the role of the state as an owner, regulator and market actor in shaping the fate of large firms? The research presented in the paper tries to find answers to the questions with by combining economic and sociological approaches. The fate of 49 large firms, considered as a special group of strategic enterprises in the planned economy, is analyzed by case studies and processing their balance sheet data.

Közgazdasági Szemle - Economic Review, XLIV. évf., 1997. January (31 - 41. O.), Study