Claessens, Stijn; Djankov, Simeon; Pohl, Gerhard - 2004
The Czech Republic's mass-privatization scheme improved the management of privatized firms by concentrating ownership … firm's corporate governance. The Czech Republic's mass-privatization scheme changed the governance of many firms in a short … time. Claessens, Djankov, and Pohl show that mass privatization was effective in improving firm management because of the …