Joint-stock companies are among the most fundamental components of a market economy. “Voucher privatization” in the …

creation, maintenance and cultivation of appropriate political and economic institutions ("political and economic design … influence of informal institutions, which undoubtedly create "the spawn, out of all grown up". If the state were to be … understood in its minimal role, i. e. as the guarantee and co-creator of basic "well-established" rules and/or institutions, the …

responsibilities of supervising institutions are still among open problems of the economic policy of the Czech Republic. Currently four … institutions share the supervision of Czech financial markets. These institutions differ by their legal statuses, rights and … procedures. Some institutions have an internal conflict of their targets. A programme of two step integration was adopted in the …

The privatization strategy in many transition economies involved the creation of a special government agency that … administered state property during privatization programs as well as after the privatization was declared complete. The National … privatization was completed. We analyze the control potential of the state exercised through the FNM via the control rights …

Privatization of the Czech banking sector was not an ideal process. Many errors and failures could be mentioned. The … about a great interest of potential investors. Also the timing of privatization of Czech banks is a topic for a discussion …: It is complicated to deduce when was the optimal time for privatization but the majority of economists concluded that the …

privatization on corporate performance. Unlike the existing literature, which analyzes breakups almost exclusively in advanced … privatization depends on the resulting ownership structure - sometime improving performance and sometime bringing about decline. The … effects of privatization are hence less clear-cut than suggested in earlier studies. Methodologically, our study provides …