Last edited by Zululrajas
Friday, July 31, 2020 | History

3 edition of Privatization and Corporate Control in the Czech Republic (Studies in Comparative Economic Systems) found in the catalog.

Privatization and Corporate Control in the Czech Republic (Studies in Comparative Economic Systems)

by Clemens Schutte

  • 126 Want to read
  • 30 Currently reading

Published by Edward Elgar Publishing .
Written in English

    Subjects:
  • Industry & Industrial Studies,
  • Microeconomics,
  • Business & Economics,
  • Business / Economics / Finance,
  • Business/Economics,
  • Development - Economic Development,
  • Government & Business,
  • International - General,
  • Corporate governance,
  • Czech Republic,
  • Privatization

  • The Physical Object
    FormatHardcover
    Number of Pages322
    ID Numbers
    Open LibraryOL12563653M
    ISBN 101840644117
    ISBN 109781840644111

    Abstract The Czech securities markets are rapidly evolving under political and commercial pressures. However, shortcomings remain that undercut their role in price discovery, and limit their value as risk diversification, as a source of finance and a mechanism for good corporate governance. funds that emerged in the first wave of privatization in the Czech Republic and discusses the main results of the fund survey3. 2. An overview of the process of voucher privatization in the Czech Republic A total of 1, companies with a book value of CSK billion ($10 billion) have been.

    Making a market: mass privatization in the Czech and Slovak Republics (English) Abstract. The author assesses the Czechoslovak mass privatization program for speed, equity, and corporate governance. The program transferred claims on assets in 1, enterprises - assets worth about $ billion - to the million citizens who participated Cited by: Keywords: Privatization, corporate governance, enterprise restructuring, By way of illustration, the study mentions experience of post-privatization enterprise restructuring in the Czech Republic, Hungary, and Poland. They are leaders in In the Czech Republic about 40 percent of the book .

    ownership and control to be especially severe in the Czech Republic.3 The privatization process in the Czech Republic transferred nominal ownership of firms from the state to private hands, but had little effect on the incentives for managers of operating companies to maximize profits. The privatization process in the Czech Republic provides an.   The survey investigated the current state of corporate governance in the Czech Republic. As emerged from the “Report on Corporate Governance in the Czech Republic in ”: Annually, there is an increase in the number of companies that adapt the remuneration system to the company’s economic results and choose ways of remunerating members.


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Privatization and Corporate Control in the Czech Republic (Studies in Comparative Economic Systems) by Clemens Schutte Download PDF EPUB FB2

A theoretical foundation of corporate control --Privatization in the Czech Republic --Voucher privatization and the evolution of ownership structures --Equity control and restructuring: The governance performance of the financial groups --Debt control in transition: Banks, enterprises and the rule of law --The performance of the capital market.

A privatization process which would gain and maintain the popular support of a substantial group of voters, and which at the same time would affect the critical core of companies to a sufficient depth, was unable to be achieved in many transforming economies for an extensive period of time (for example, in Ukraine, but also in the Czech Author: Michal Mejstrík.

The Czech Republic's approach to privatization was formed within the context of a unified Czechoslovakia, in which the current leadership of the Czech Republic were the dominant strategists. Despite the sweep of events of resulting in the divorce of the two Republics, the fundamental tenets of the national system have passed largely intact Cited by: Under the auspices of a /97 research project of the Central and Eastern European Privatization Network, a dozen 12 contributors most hailing from the countries under discussion examine the thesis that improved governance of funds will in turn have a positive multiplier effect on corporate governance of newly privatized companies in the transitional economies of the Czech Republic, Poland Format: Hardcover.

Voucher Privatization Czech Republic Between andthe portion of Czech GDP generated by firms with private ownership increased from 3 percent to 75 percent (Desai). The majority of this value was transferred from state to private hands in two waves of privatization, together.

This article concludes that full privatization will likely be attained through a hybrid of German and American corporate governance systems. The Regents of the University of California Keywords: privatization, Czech republic, corporate governance Since the Czech Republic has emerged as the most successful free-market economy of the Cited by: Mladek J.

(), ‘Initialization of Privatization through Restritution and Small Privatization’, in M. Mejstrik, A. Derviz and A. Zemplinerova (eds), The Privatization Process in East-Central Europe: Evolutionary Process of Czech Privatization, International Studies in Economics and Econometrics (Dordrecht, Boston and London: Kluwer Cited by: 2.

Secondary Privatization in the Czech Republic CASE Reports No. 45 This chapter provides a comprehensive background of the privatization process in the Czech Republic in order to establish an appropriate framework for further analysis of the ownership structures. Preth century. The history of privatization dates from Ancient Greece, when governments contracted out almost everything to the private sector.

In the Roman Republic private individuals and companies performed the majority of services including tax collection (tax farming), army supplies (military contractors), religious sacrifices and construction.

By deciding to conduct voucher privatization the Czech Government was attempting to set up a process in which the country's citizens have the opportunity to acquire ownership and control of.

Abstract. The Czech voucher privatisation scheme has long been the subject of debate among foreign commentators, both lawyers and economists. After initial (and, for that matter, almost universal) approval, the programme has gradually fallen from grace with most writers as its destructive effects on the Czech economy started to unfold in the second half of the by: 1.

Downloadable (with restrictions). We analyze the extent of the integrated control of the state over privatized firms during the post-privatization decade (–) in the Czech Republic.

During this period the integrated control potential of the state resembled a corporate pyramid. While pyramidal control was not fully utilized, the golden share in the hands of the state substantially.

Schütte, C. () Privatization and Corporate Control in the Czech Republic (Cheltenham, UK and Northampton, MA: Edward Elgar). Google Scholar Soulsby, A.

and E. Clark () ‘The Emergence of Post-Communist Management in the Czech Republic’, Organization Studies, 17, –Cited by: 8. Downloadable. This volume contains the output of country research undertaken in the Czech Republic in – by EvDen Kocenda and Juraj Valachy (CERGE) under the international comparative project 'Secondary Privatization: the Evolution of Ownership Structures of Privatized Enterprises.' The project was supported by the European Union's Phare ACE* Programme (project P R) and.

Ownership and corporate governance: evidence from the Czech Republic (English) Abstract. The Czech Republic's mass-privatization scheme changed the governance of many firms in a short time. The authors show that mass privatization was effective in improving firm management because of the concentrated ownership structure that resulted.

For Cited by:   Privatization and Corporate Control in the Czech Republic. Cheltenham, UK and Northampton, MA: Edward Elgar, xx, pp. $ in Canadian-American Slavic StudiesAuthor: John A. Gould. Why privatization went right in the Czech Republic.

Still, as Brodeur repeatedly states in Currents of Death, there are “32 published studies demonstrating ELF [extremely low frequency, another.

Privatized companies in the Czech Republic‎ (1 P) Pages in category "Privatization in the Czech Republic" This category contains only the following page. This list may not reflect recent changes. PPF (company). firms during the post-privatization decade (–) in the Czech Republic.

During this period the integrated control potential of the state resembled a corporate pyramid, a. Privatization in the Czech Republic By Bruce Alan Mann* Following the Velvet revolution in the fall ofprivatization in the Czech Republic began with "spontaneous privatizations" in which man-agers and employees of state-owned enterprises simply took control.

No formal structure existed for foreign investment in state-owned enterprises. Privately Managed Privatization in the Czech Republic 5 ensured an end to future financial reliance on the government. The bank’s importance in the Czech economy nevertheless continued to increase.

According to published reports byKOB was the second biggest bank in the country in terms.The Czech Republic offers an interesting comparison to Russia that can help isolate which aspects of the Russian experience with rapid mass privatization were unique to Russia, and which may reflect deeper problems that arise when privatization precedes development of .The restructuring after privatization in the czech republic.

(Czech Republic, Hungary, Poland and Slovakia) in the s. Henry Manne’s “Mergers and the Market for Corporate Control Author: Michal Mejstrik.