ABSTRACT

As the successor nations of the Soviet Union proceed with the transformation of their administrative-command systems into market-based economies, increasing attention is being focused on the restructuring of enterprises. It is often presumed that only capitalist frrms characterized by individual private ownership and topdown management control can operate effectively in a market environment Yet there are many possible forms of enterprise ownership and control in a market economy, ranging from conventional capitalist frrms to public enterprises to producer cooperatives, with a wide variety of ownership and management structures.