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This paper discusses the privatisation process in the Czech Republic and its influence on corporate governance. While in 1989 the private sector totalled less than 1 per cent of the GDP, at the end of 1996 more than 70 per cent of the GDP was produced by the private sector. Large-scale...
Persistent link: https://www.econbiz.de/10005009731
, privatization methods had a lasting effect on ownership structure in Ukraine. …
Persistent link: https://www.econbiz.de/10005826048
privatization and the resulting low ownership concentration is one of the reasons for the poor performance of surviving firms. …
Persistent link: https://www.econbiz.de/10005599589
governance and market discipline on productivity growth. We find that firms under concentrated ownership tend to show … significantly higher productivity growth. Financial pressure from creditors influences productivity growth positively, particularly … for firms in financial distress. Regarding market discipline, productivity grows faster when competition on product …
Persistent link: https://www.econbiz.de/10005098443
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This paper uses firm-level data from the Business Environment and Enterprise Performance Surveys to study the process of convergence of transition countries with developed market economies. The study focuses on competition and market structure, finance and the structure of lending to firms, and...
Persistent link: https://www.econbiz.de/10005106885
Effective Corporate Governance is seen as a key factor in achieving economic performance. This article aims to define key performance indicators (KPIs) of Corporate Governance (CG). Defined indicators in a clear, understandable and measurable way reflect the performance of CG. To meet the...
Persistent link: https://www.econbiz.de/10011004679
Countries in transition now represent a significant sector of the international political economy. One of the challenges that they face in moving towards market-based systems and institutions is that of transforming the structure of business enterprises into forms more compatible with capitalist...
Persistent link: https://www.econbiz.de/10005698964
Abstract: The paper explores the impact of the great enlargement of Europe (European Union and Council of Europe) to the east on the judicial interaction between the EU, the ECHR and the Member States legal orders. In order to appraise the dynamic and prospective nature of the enlargement, in...
Persistent link: https://www.econbiz.de/10008611180