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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 …
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positive effects, and the effects of domestic privatization tend to be larger in countries with a more competitive business …
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