01697cas a2200241 a 4500 AALejournalIMF002505 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451855838 1018-5941 BD-DhAAL BD-DhAAL Zalduendo, Juan. Enterprise Restructuring and Transition : Evidence From the Former Yugoslav Republic of Macedonia / Juan Zalduendo. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (18 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper reviews developments in corporate performance in the FYR Macedonia during the 1990s. The paper finds substantial differences in performance between surviving old firms and nimbler new ones. The paper reviews factors that facilitated restructuring among surviving firms, and concludes that private sector ownership, hard budget constraints, and market-based economic institutions have served to strengthen corporate performance. The paper also shows that the predominance of insider privatization and the resulting low ownership concentration is one of the reasons for the poor performance of surviving firms. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2003/136 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/136/001.2003.issue-136-en.xml IMF e-Library