Corporate governance and restructuring in Central Europe

The research is concerned with the topic of corporate governance in transition. The process of privatization and the necessity of imporovement of corporate efficiency highlight the importance of corporeate governance structures in transition. Many questions still stay unanswered: Is privatization a necessary precondition for restructuring? What is the most effective corporate governance structure for enterprises, which need to be restructured? Is concentrated ownership the best solution? Who should privatize the ineffective state-owned enterprise to enforce fast restructuring? How effective are the individual types of investors in this task: foreign investors (direct or portfolio investors), large domestivc investors (individuals and companies), investment funds, insiders, or state?