WorldCat Identities

Djankov, Simeon

Overview
Works: 168 works in 797 publications in 2 languages and 10,159 library holdings
Genres: Case studies 
Roles: Author, Editor, Thesis advisor, Other, Honoree
Classifications: HD3611, 343.07
Publication Timeline
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Most widely held works by Simeon Djankov
Doing business in 2004 : understanding regulation( Book )

5 editions published in 2004 in English and held by 364 WorldCat member libraries worldwide

"Doing Business in 2004 provides both qualitative and quantitative information on the business climate in over 130 countries. Doing Business constructs a new set of indicators on the regulatory environment for private sector development and provides a collection of informative case studies of real-life experiences. Doing Business in 2004 covers the fundamental aspects of a business life cycle, from starting a business to bankruptcy. Topics include access to credit, bankruptcy, entry regulations, contract enforcement, and labor regulations."
Resolution of financial distress : an international perspective on the design of bankruptcy laws by Stijn Claessens( Book )

22 editions published between 2001 and 2013 in English and held by 230 WorldCat member libraries worldwide

The institutions of bankruptcy have been at the center of the great economic events of the last decade, ranging from the Asian economic crisis, to the transition from socialism to capitalism. Our understanding of the economic, and legal structure of these institutions, as well as of their impact on economic development, has advanced considerably during this period as well. This study provides valuable information on the advances for resolution of financial distress, through theoretical studies, historical data, and evidence from recent worldwide experiences. It illustrates the possibilities, and methods of beneficial legal reform of bankruptcy procedures, as well as the pitfalls of misguided political action. The study is a timely, and valuable resource for economists, lawyers, and all others interested in institutional reform in emerging financial markets
Doing business 2007 : how to reform : comparing regulation in 175 economies by World Bank( Book )

7 editions published in 2006 in English and held by 214 WorldCat member libraries worldwide

"Doing Business 2007: How to Reform is the fourth in a series of annual reports investigating the regulations that enhance business activity and those that constrain it. Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 175 economies - from Afghanistan to Zimbabwe - and over time." "Regulations affecting 10 areas of everyday business are measured: starting a business, dealing with licenses, employing workers, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and closing a business. The indicators are used to analyze economic outcomes and identify what reforms have worked, where and why."--Jacket
Doing business in 2006 : creating jobs by Banque mondiale( Book )

1 edition published in 2006 in English and held by 181 WorldCat member libraries worldwide

Doing Business in 2006: Creating Jobs is the third in a series of annual reports investigating the scope and manner of regulations that enhance business activity and those that constrain it. New quantitative indicators on business regulations and their enforcement can be compared across more than 150 countries, and over time. The indicators are used to analyze economic outcomes and identify what reforms have worked, where, and why. Book jacket
East Asia corporations : heroes or villains by Stijn Claessens( Book )

14 editions published between 1994 and 2000 in English and held by 140 WorldCat member libraries worldwide

Annotation World Bank Discussion Paper no. 409. East Asian corporations differ from their counterparts in other countries in important ways. Before the recent financial crisis these differences were viewed as one of the reasons for the success of East Asian economies. The crisis altered that view, and many scholars now argue that the weak corporate governance and financing structures of East Asian corporations are partly to blame for the recent crisis. This paper reviews several features of East Asian corporations, showing that they have high leverage and concentrated ownership, are typically affiliated with business groups, and operate in multiple industries. These characteristics affected the performance of corporations prior to the crisis as well as their ability to deal with its aftermath. Each economy's level of development also affected how these characteristics interacted with firm performance and valuation. Finally, the concentration of ownership in the hands of a few large families may have influenced economies' institutional development
Inside the euro crisis : an eyewitness account by Simeon Djankov( Book )

8 editions published between 2013 and 2014 in English and Undetermined and held by 135 WorldCat member libraries worldwide

Restructuring large industrial firms in Central and Eastern Europe : an empirical analysis by Gerhard Pohl( Book )

19 editions published in 1996 in English and Russian and held by 129 WorldCat member libraries worldwide

The regulation of entry by Rafael La Porta( Book )

33 editions published between 2000 and 2008 in English and held by 126 WorldCat member libraries worldwide

New data show that countries that regulate the entry of new firms more heavily have greater corruption and larger unofficial economies, but not better quality goods. The evidence supports the view that regulating entry benefits politicians and bureacrats
The determinants of enterprise restructuring in transition : an assessment of the evidence by Simeon Djankov( Book )

19 editions published in 2000 in English and held by 124 WorldCat member libraries worldwide

Annotation
Who owns the media? by Andrei Shleifer( Book )

25 editions published in 2001 in English and held by 119 WorldCat member libraries worldwide

We examine the patterns of media ownership in 97 countries around the world. We find that almost universally the largest media firms are owned by the government or by private families. Government ownership is more pervasive in broadcasting than in the printed media. Government ownership of the media is generally associated with less press freedom, fewer political and economic rights, and, most conspicuously, inferior social outcomes in the areas of education and health. It does not appear that adverse consequences of government ownership of the media are restricted solely to the instances of government monopoly
The new comparative economics by Andrei Shleifer( Book )

28 editions published in 2003 in English and held by 113 WorldCat member libraries worldwide

In recent years, comparative economics experienced a revival, with a new focus on comparing capitalist economies. The theme of the new research is that institutions exert a profound influence on economic development. We argue that, to understand capitalist institutions, one needs to understand the basic tradeoff between the costs of disorder and those of dictatorship. We then apply this logic to study the structure of efficient institutions, the consequences of colonial transplantation, and the politics of institutional choice
Determinants of intra-industry trade between East and West Europe by Chonira Aturupane( )

18 editions published between 1997 and 1999 in English and Undetermined and held by 95 WorldCat member libraries worldwide

November 1997 There is a good deal of intra-industry trade between nations in Central and Eastern Europe and the European Union. Most of it is vertical (the exchange of similar goods of different quality). Eastern European nations and the European Union (EU) is among the highest of all the EU's bilateral trade flows. Aturupane, Djankov, and Hoekman break down data on these trade flows into horizontal and vertical components and investigate the determinants of each. They find that vertical intra-industry trade (the exchange of similar goods of different quality) accounts for 80 to 90 percent of total intra-industry trade. It is positively associated with product differentiation, labor intensity of production, economies of scale, and foreign direct investment. Controlling for country effects, they find a statistically significant positive association between horizontal intra-industry trade (the exchange of close substitutes of similar quality) and foreign direct investment, product differentiation, and industry concentration. They find a significant negative relationship for economies of scale and labor intensity. These results do not hold if they do not control for country effects, suggesting that country-specific factors are key determinants of horizontal intra-industry trade. This paper-a product of the Development Research Group-is part of a larger effort in the group to analyze the role of trade and foreign investment in the process of transition in Eastern Europe
The great rebirth : lessons from the victory of capitalism over communism( Book )

7 editions published in 2014 in English and held by 84 WorldCat member libraries worldwide

The Great Rebirth: Lessons from the Victory of Capitalism over Communism provides an analysis of the economic and political transformation after the fall of communism in Central and Eastern Europe. Åslund and Djankov shed light on the "great rebirth" of capitalism in Europe and Central Asia and examine which policies made the transition so successful. Their research concludes that ambitious leadership willing to take risks, as well as expeditious deregulation and privatization of state-owned enterprises, were instrumental in creating the success of the stable and prosperous market economies that emerged
Courts : the Lex Mundi project by Simeon Djankov( Book )

23 editions published in 2002 in English and held by 80 WorldCat member libraries worldwide

In cooperation with Lex Mundi member law firms in 109 countries, we measure and describe the exact procedures used by litigants and courts to evict a tenant for non-payment of rent and to collect a bounced check. We use these data to construct an index of procedural formalism of dispute resolution for each country. We find that such formalism is systematically greater in civil than in common law countries. Moreover, procedural formalism is associated with higher expected duration of judicial proceedings, more corruption, less consistency, less honesty, less fairness in judicial decisions, and inferior access to justice. These results suggest that legal transplantation may have led to an inefficiently high level of procedural formalism, particularly in developing countries
Who controls East Asian corporations? by Stijn Claessens( )

10 editions published in 1999 in English and Undetermined and held by 74 WorldCat member libraries worldwide

February 1999 A study of 2,980 corporations in nine East Asian countries finds more than half of those firms being controlled by a single shareholder. Many smaller and older firms are family-controlled. Wealth is very concentrated in some countries, and links between business and government are extensive, so the legal system has probably been influenced by the prevailing ownership structure. Claessens, Djankov, and Lang identify the ultimate ownership structure for 2,980 corporations in nine East Asian countries. They find that: * More than half of those firms are controlled by a single shareholder. * Smaller firms and older firms are more likely to be family-controlled. * Patterns of controlling ownership stakes differ across countries. The concentration of control generally diminishes with higher economic and institutional development. * In many countries, control is enhanced through pyramid structures and deviations from one-share-one-vote rules. As a result, voting rights exceed formal cash-flow rights. * Management is rarely separated from ownership control, and management in two thirds of the firms that are not widely held is related to management of the controlling shareholder. * In some countries, wealth is very concentrated and links between government and business are extensive, so the legal system has probably been influenced by the prevailing ownership structure. This paper-a product of the Financial Economics Unit, Financial Sector Practice Department-is part of a larger effort in the department to uncover the causes of the East Asian crisis
Ownership structure and enterprise restructuring in six newly independent states by Simeon Djankov( Book )

9 editions published in 1999 in English and held by 74 WorldCat member libraries worldwide

February 1999 Enterprises in six newly independent states exhibit large differences in ownership structure, differences that seem to be determined by the method of privatization pursued. Enterprises in countries where the privatization programs favored incumbent managers ended up with heavy ownership by managers; countries that favored mass privatization had the highest proportion of ownership shares held by outside investors. Ownership by outside local investors or the state is not significantly correlated with enterprise restructuring; high foreign ownership is. Djankov investigates the relationship between ownership structure and enterprise restructuring in six newly independent states: Georgia, Kazakstan, the Kyrgyz Republic, Moldova, Russia, and Ukraine. He documents the changing pattern of ownership in 960 privatized manufacturing companies from 1995-97. There are large differences in ownership structure across countries, differences that seem to be determined by the method of privatization pursued. Enterprises in countries where the privatization programs favored incumbent managers (Georgia and Ukraine) ended with heavy ownership by managers (an average 53.6 percent and 46.2 percent, respectively). Countries that used mainly the mass privatization approach (Kazakstan and the Kyrgyz Republic) had the highest proportion of ownership shares held by outside investors (37 percent and 21.2 percent, respectively). Foreign ownership is positively associated with enterprise restructuring at high ownership levels (above 30 percent of shares). By contrast, the relationship between management ownership and enterprise restructuring is non-monotonic, positive at low (below 10 percent) or high (above 30 percent) levels. Finally, Djankov shows that ownership by outside local investors or the state is not significantly correlated with restructuring. This paper-a product of the Financial Economics Unit, Financial Sector PracticeDepartment - is part of a larger effort in the department to study the transition process
Thailand's corporate financing and governance structures by Pedro Alba( )

12 editions published between 1998 and 1999 in English and Undetermined and held by 72 WorldCat member libraries worldwide

November 1998 Weaknesses in corporate governance and the fragile financial structure of many corporations contributed to, and deepened Thailand's recent financial crisis. Large corporations need to reduce their vulnerability to economic shocks and improve corporate governance; smaller firms should achieve a more stable funding structure. Alba, Claessens, and Djankov assess Thailand's policy options for reducing large corporations' vulnerability to economic shocks and improving their corporate governance - and for providing smaller firms a more stable funding structure. Using data for firms listed on Thailand's stock exchange, they empirically assess the relative importance of various factors determining the cost of capital, the availability of financing, and policies and distortions that affect corporate governance in nonfinancial firms. The empirical findings highlight weaknesses in corporate governance and the inherent risks in Thailand's corporate financing structures. They conclude that the most important ask in improving the structure of corporate financing and the framework for corporate governance is to change incentives. This will involve: * Accelerating legal reform, including reform of bankruptcy and foreclosure laws. * Improving bank monitoring of enterprise management and encouraging banks to develop more arm's-length relationships with firms. This will require greater transparency and disclosure of ownership relationships and stricter enforcement of insider and related lending limits, violation of which contributed poor intermediation and the recent crisis. * Improving disclosure and accounting practices. Self-regulatory agencies may need to play more of a role, possibly with more legal power to discipline violators. * Better enforcement of corporate governance rules. The formal structure for corporate governance is standard but enforcement is weak. * Facilitation of equity infusions. Investors - especially minority shareholders - may need to play a more direct role in monitoring and disciplining managers. To attract new infusions of equity, new equity owners may need more-than-proportional representation on the board of directors until other investor protection mechanisms are strengthened. * Improving the framework for corporate governance. A broad public discussion of corporate governance, similar to recent discussions in the United Kingdom and elsewhere, may be needed to clarify the distribution of control in the economy's real sector. * Strengthening institutions responsible for gathering and analyzing data on firms of all sizes and for monitoring firm performance and behavior. This paper-a product of the Economic Policy Unit, Finance, Private Sector, and Infrastructure Network-is part of a larger effort in the network to study the performance and financing structures of East Asian corporations
Resolution of Corporate Distress Evidence from East Asia's Financial Crisis by Stijn Claessens( )

13 editions published in 1999 in English and Undetermined and held by 71 WorldCat member libraries worldwide

Financial Sector Practice Department - is part of a larger effort in the department to study corporate financing and governance mechanisms in emerging markets
Foreign investment and productivity growth in Czech enterprises by Simeon Djankov( Book )

11 editions published in 1999 in English and held by 70 WorldCat member libraries worldwide

May 1999 Foreign direct investment had a greater positive impact on total factor productivity in firms in the Czech Republic over a four-year period than joint ventures did, suggesting that parent firms transferred more know-how to affiliates than joint venture firms got from their partners. Firms without foreign partners experienced negative spillover effects, possibly because fewer training efforts made them less able to absorb and benefit from the diffusion of know-how. Firm-level data for the Czech Republic (1992-96) suggest that foreign investment had a positive impact on recipient firms' total factor productivity (TFP) growth. This result is robust to corrections for the sample-selection bias that prevails because foreign investment tends to go to firms with above-average productivity performance. This result is not surprising, given the presumption that foreign investors transfer new technologies and knowledge to partner firms. With some lag, this is likely to be reflected in greater TFP growth. Foreign direct investment appears to have a greater impact on TFP growth than joint ventures, suggesting that parent firms are transferring more know-how (soft or hard) to affiliates than joint venture firms get from their partners. Joint ventures and foreign direct investment together appear to have a negative spillover effect on firms that do not have foreign partnerships. This effect is relatively large and statistically significant. But if the focus is restricted to the impact of foreign-owned affiliates (foreign direct investment) on all other firms in an industry, the magnitude of the negative effect becomes much smaller and loses statistical significance. This result, together with the fact that joint ventures and foreign direct investment together account for significant shares of total output in many industries, suggests that more research is needed to determine how much knowledge diffuses from firms with strong links to foreign firms to firms that do not have such links. Especially important is the extent of spillovers among joint venture firms and between foreign affiliates and firms with joint ventures. Insofar as joint venture firms invest more in technological capacity (as suggested by their training efforts), those firms could be expected to be better able to absorb and benefit from the diffusion of know-how. The absence of such capacity may underlie the observed negative spillover effect on other firms in the industry. Longer time series and collection of data on variables that measure firms' in-house technological effort would help identify the magnitude and determinants of technological spillovers. This paper-a product of the Financial Economics Group-is part of a larger effort in the group to understand the transition process in the Czech Republic
Restructuring of large firms in Slovakia by Simeon Djankov( )

13 editions published between 1997 and 1999 in English and Undetermined and held by 68 WorldCat member libraries worldwide

April 1997 Large industrial firms in Slovakia have restructured more rapidly than expected, including firms regarded as nonviable only a few years ago. Rapid privatization is an important determinant of successful restructuring. The method of privatization and the type of owner appear to play only a minor role. Evaluating the restructuring of large enterprises in transition economies is difficult because it is only one of many economic changes. Such evaluation is nevertheless essential for designing reform policies. Djankov and Pohl examine 21 case studies of Slovak firms based on detailed financial information for 1991-96, and interviews with top management. Much of their sample was firms initially classified as nonviable lossmakers. They found that the majority of large Slovak firms successfully restructured without the help of foreign investors or government restructuring programs. Privatization to insiders, through management-employee buyouts, did not hamper restructuring because the new owners (old managers) invested heavily in new technology, laid off a substantial part of the workforce, sought foreign partnerships, and were prepared to sell controlling stakes to outsiders in return for fresh financial resources. The evidence also suggests that mass privatization did not result in weak corporate governance because it was followed by a rapid consolidation of ownership. Their findings support the view that the main objective of privatization programs should be the speedy transformation of ownership, not the selection of perfect owners. Slovakia was an interesting choice for case-study analysis because much of the heavy industry and arms industry of former Czechoslovakia was located in Slovakia, so it inherited a relatively unattractive industrial structure. Slovakia also implemented two very different privatization programs, one of mass privatization and one of leveraged management buyouts or direct sales to (domestic) outside investors. This paper - a product of the Finance and Private Sector Development Division, Europe and Central Asia Technical Department - is part of a larger effort in the department to study the determinants of enterprise restructuring in transition economies
 
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Doing business in 2004 : understanding regulation
Alternative Names
D'ânkov, Semen.

Dânkov, Simeon Denčev.

Dʹi︠a︡nkov, Semen

Dʹi︠a︡nkov, Semen 1970-

Díankov, Simeon

Diankow, Simeon.

Djankov, Simeon.

Djankov, Simeon Denčev 1970-

Siméon Djankov

Simeon Djankov Bulgarian politician and economist

Simeon Djankov bulgarsk økonom

Simeon Djankov econoom uit Bulgarije

Simeon Djankow bulgarischer Weltbank-Ökonom

Дянков, Симеон

Дянков, Симеон Денчев

Симеон Ѓанков

Симеон Дянков болгарський економіст і колишній державний діяч, ректор Російської економічної школи

Languages
English (289)

Russian (1)

Covers
Resolution of financial distress : an international perspective on the design of bankruptcy lawsDoing business 2007 : how to reform : comparing regulation in 175 economiesDoing business in 2006 : creating jobsThe determinants of enterprise restructuring in transition : an assessment of the evidence