The Transformation of the Romanian Economy Through Privatization and Internationalization

Lance Brouthers; Sebastian Văduva; Adriana Tiron-Tudor; Daniel Burtic

doi:10.5771/0949-6181-2023-2-265

Contents
- Chapter Expand | CollapseAuthorsPage
- Titelei/Inhaltsverzeichnis
- 217–219 Editorial 217–219
- 220–389 Articles 220–389
  - 220–240 Job insecurity, employee incivility and coaching perception of casino employees: A moderated mediation model Mehmet Bahri Saydam, Huseyin Arasli, Hasan Evrim Arici Mehmet Bahri Saydam, Huseyin Arasli, Hasan Evrim Arici 220–240
  - 241–264 Control and its perception in CEE parent companies and their developed market subsidiaries Emil Velinov, Andreas M. Hilger Emil Velinov, Andreas M. Hilger 241–264
  - 265–292 The Transformation of the Romanian Economy Through Privatization and Internationalization Lance Brouthers, Sebastian Văduva, Adriana Tiron-Tudor, Daniel Burtic Lance Brouthers, Sebastian Văduva, Adriana Tiron-Tudor, Daniel Burtic 265–292
  - 293–312 Sustainable development in agriculture: Definition, barriers and consequences for Ukrainian agricultural producers Svitlana Strapchuk, Olena Mykolenko Svitlana Strapchuk, Olena Mykolenko 293–312
  - 313–346 Antecedents and consequences of corporate reputation from a bi-stakeholder perspective in Turkish banking sector Hülya Gündüz Çekmecelioğlu, Gönül Kaya Özbağ, Ayşe Günsel, Neslihan Şevik Hülya Gündüz Çekmecelioğlu, Gönül Kaya Özbağ, Ayşe Günsel, Neslihan Şevik 313–346
  - 347–373 The Impact of Sustainable Marketing Communications on Consumer Responses in the Hotel Industry Mariia Bordian, Irene Gil-Saura, Maja Šerić Mariia Bordian, Irene Gil-Saura, Maja Šerić 347–373
  - 374–389 The success in reorganization: Decision of Board Dependent Tomáš Moravec Tomáš Moravec 374–389
Durchsuchen Sie das Werk
Geben Sie ein Keyword in die Suchleiste ein
CC-BY No access

JEEMS Journal of East European Management Studies , page 265 - 292

The Transformation of the Romanian Economy Through Privatization and Internationalization

Autoren

Lance Brouthers Sebastian Văduva Adriana Tiron-Tudor Daniel Burtic

DOI
- doi.org/10.5771/0949-6181-2023-2-265
- ISSN: 0949-6181
- ISSN online: 1862-0019
Abstract

In the late 1980s, Central and Eastern European nations (CEE) rejected communism and embarked on a journey towards free-market democracy. As part of this transformation, the Romanian economy transitioned from communism to capitalism. The purpose for our paper is to suggest insight from the Romanian experience that may be useful for nations in Asia, Africa, Middle East or South America that maybe be undergoing a similar transition. The main results of our paper is to substantiate the precepts of institutional theory, that a system is best transformed through external, international pressures. Our contribution illustrates this transformation through the case studies of Romtelecom, Dacia, and Petrom, Romanian state-owned enterprises (SOE) privatized by foreign multinational corporation (MNC). We distinguish between formal and informal institutions with the latter tending to be overlooked by traditional researchers. Through these longitudinal surveys we argue that multinational corporations are possibly the best generators of informal institutions.
Share