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The authors critically discuss some of the theses of Svetozar Pejovich from his article On the Privatization of "Stolen … privatization of an individual enterprise with the privatization of the society as a whole, i.e. the actual task of the governments … the attempts to postpone, e.g., privatization - freeze it till some optimal legal frame emerges and-or is installed. (4 …
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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 …
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We analyze the extent of the integrated state control over the privatized companies in the Czech Republic during the decade of 1995-2005. During this period, the integrated potential of the state to control companies had a pyramid-like form. Even though the pyramid control was not fully...
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This paper provides a comprehensive assessment of issues related to the restructuring of large industrial enterprises in Central and Eastern Europe. The experience with industrial restructuring in the region to date suggests that policies aimed at promoting restructuring should focus on: (i)...
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