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Wealth Creation in Eastern Europe: Financial Management Issues and Strategies [Journal of Multinational Financial Management, Volume 1, Number 4]

Kaen, Fred R.; Mathur, Ike., eds.

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ISBN 10: 1560243058 / ISBN 13: 9781560243052
Published by International Business Press, New York., 1992
Used Condition: Very Good Hardcover
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About this Item

8vo, hardcover. No dj. Vg condition. Few faint cover streaks, slightest moisture-stiffness to bottom margin of pgs, not affecting legibility at all, not very noticeable; contents bright & clean, unread. 128 p. Bookseller Inventory # 1080520.88

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Bibliographic Details

Title: Wealth Creation in Eastern Europe: Financial...

Publisher: International Business Press, New York.

Publication Date: 1992

Binding: Hardcover

Book Condition: Very Good

About this title

Synopsis:

Enhance your understanding of the economic impact of rapid political changes in Eastern Europe with the valuable insights in this provocative book. Wealth Creation in Eastern Europe examines the difficulties faced by Eastern European nations converting from economic systems based on public ownership and non-market mechanisms for allocating goods and capital, to systems based on private ownership and reliance on market prices for allocating resources. Authoritative contributors bring to light a variety of perspectives to financial management in this rapidly changing environment. Important topics covered by this useful book include a macroeconomic view of the problems created by German unification, difficulties caused by applying standard valuation models and techniques to Eastern European enterprises, and the reaction of Western financial markets when companies announce joint venture investments in Eastern Europe.

Readers will find valuable insights into critical financial concerns in Eastern European countries on such subjects such as

  • the difficulty of ascertaining the value of state enterprises and determining whether their continued existence makes economic sense
  • the problems created by the absence of clear titles to property and business for reorganizing economic activity under private ownership
  • the need for a legal system that recognizes rights by ownership and enforces contract law
  • the difficulties caused by the virtually complete absence of accounting-based information and information systems needed to evaluate organizations’economic efficiency
  • problems encountered when conferring social legitimacy on a capitalist private enterprise system after decades of indoctrination about the evils of capitalism

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