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Research Seed Grant | 2000-2001

Dynamics of Property Transformation in Hungary, 1990-1999

by David Stark (Sociology)

This study will chart the pathways of property transformation that have taken place over the past decade in Hungary's postsocialist economy. It will do so by collecting and analyzing the ownership and top management and directorate board histories of the largest 500 Hungarian firms from 1990 to 1999. Because this unprecendentedly rich data set includes all ownership changes (as well as changes in top management and boards of directors) on a month-to-month basis, it will be able to produce a comprehensive and dynamic mapping of the distinct phases and critical turning points of this transformation. The goals are: 1) to answer a set of fundamental questions about the macro properties of the system (e.g., the demise of state ownership, the role of foreign capital, the degree of concentration of ownership, and the effects of public policy); and 2) to raise and answer a new set of questions at the micro level of individual firms (e.g., the composition and stability of business groupings formed through interorganizational ownership ties, and the discrete types of pathways or sequences of property transformation).

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