Fungáčová, Zuzana; Hanousek, Jan - In: Prague Economic Papers 2011 (2011) 4, pp. 348-365
This research investigates the emergence of stock market in the Czech Republic. We use Czech mass privatization as an … trading soon after trading at this market began in 1993. We estimate the determinants of shares delisting analyzing the period … 1993-2004. Using firm-level data on listed and delisted companies we show that it was possible to prevent massive delisting …