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This book investigates two issues that have been slowing down the development of equity capital markets in transition economies - slow progress with privatisation and the lack of shareholder rights. Both problems are illustrated with data for the largest publicly traded Russian firms....
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Cities of Commerce develops a model of institutional change in European commerce based on urban rivalry. Cities continuously competed with each other by adapting commercial, legal, and financial institutions to the evolving needs of merchants. Oscar Gelderblom traces the successive rise of...
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privatization has been officially encouraged by the federal government and in particular, land under previously privatized buildings …-out prices and administrative barriers to deter land privatization and to offer "long-term leases" (which are not fully … administrative barriers to land privatization appear to have higher rates of land ownership by businesses, and to face lower levels …
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