The Open Business Journal

2009, 2 : 86-94
Published online 2009 October 21. DOI: 10.2174/1874915100902010086
Publisher ID: TOBJ-2-86

Surviving Through the Global Downturn: Employee Motivation and Performance in Healthcare Industry

Abubakr M. Suliman and Nawal Al-Sabri
British University in Dubai, Block 17, Knowledge Village, Dubai, United Arab Emirates

ABSTRACT

The ownership of over 1600 firms in the Czechoslovak Socialist Republic has been transferred to the private sector in the early 90’s. Twelve years later, less than 5% of the firms are still public companies and it is estimated that the assets of over 90% of the firms have been stripped and sold to various operators [1-5]. When governments decided to privatize state owned enterprise and distribute shares to the citizens, it needs to solve two problems. The first is how to level the playing field for the disadvantaged citizens, who are less sophisticated and too diverse to organize against expropriation by others. The second is to obtain new financing for the privatized firms. We propose an original scheme in which the less sophisticated citizens make ‘sidecar’ investment along side the sophisticated, but with a right to redeem their shares. The scheme assures the citizens do not misallocate funds to less valuable firms, or pay more than what the sophisticated pay. It also align the interests of the citizens and the sophisticated investors such as investment funds.