This paper deals with the relationship between mass privatization and stock market development in transition economies … the hypothesis that mass privatization exerted a negative influence on stock market functioning over the short and medium … term. Further, it appears that stock markets in countries with mass privatization were initially perceived as mere …

In this paper we study the relationship between mass privatization and capital market development in the transition … results confirm the hypothesis that mass privatization exerted a negative influence on capital market functioning in the short … and medium term. Results further indicate that in countries with mass privatization, the capital market was established …

large amounts of shares were delisted from the PSE. Using the data on listed and delisted companies we show that the pre-privatization … and privatization characteristics of the companies were decisive for delisting. This further indicates that it would have … also not suitable for voucher privatization. …

This research investigates the emergence of stock market in the Czech Republic. We use Czech mass privatization as an … if certain pre-privatization and privatization characteristics of the companies had been taken into account when deciding … which companies to place on the stock exchange for public trading following the mass privatization. This result has …

The financial services sectors of Romania and Estonia moved towards privatization in sharply contrasting manners. For a … paper; few steps were made towards its fulfillment. By contrast, Estonia's experience of privatization was generally a …

The financial services sectors of Romania and Estonia moved towards privatization in sharply contrasting manners. For a … paper; few steps were made towards its fulfillment. By contrast, Estonia's experience of privatization was generally a …