000			01343pab a2200205 454500
008			180718b1997 xxu||||| |||| 00| 0 eng d
100			_aWieser, Oliver
245			_aManagement and employee buy-outs from the Australian public sector
260			_c1997
300			_ap.689-711
362			_aDecember
520			_aThis paper seeks to extend our understanding of the nature and effects of privatization to the case of Austria, a relatively small economy in which management buy-outs have been a numerically important but neglected part of the privatization programme. The study reviews the development of privatization in Austria and sets management and employee buy-outs within this context. The paper identifies 35 privatization buy-outs, analysing their form and industrial distribution. Evidence from detailed interviews with the 22 largest is used to analyse the effects of buy-out on corporate change, the role of insiders and performance. Comparisons are made with the UK, where management and employee buy-outs have also been an important part of the privatization programme. - Reproduced
650			_aPrivatization - Australia
650			_aPublic sector - Australia
650			_aPrivatization
700			_aRobbie, Ken
700			_aWright, Mike
773			_aAnnals of Public and Cooperative Economics
909			_a42611
999			_c42611 _d42611