Generally, the process of privatization of former state and social enterprise in the postsocialistic countries has up to now reaffirmed institutional basis of the capitalistic model of enterprise and entrepreneurship. However, except the small number of countries, it has not resulted in adequate reform effects, more precisely; the effects are still far below the expectations of the employees even in the privatized enterprises and citizens in all.
Anđelko Lojpur. "Management In The Process Of The Corporate Governance." Montenegrin Journal of Economics. vol. 1, no. 1, 2005, p. 119-126
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