£
The Governance of Privatization Funds

Hardback

The Governance of Privatization Funds

Experiences of the Czech Republic, Poland and Slovenia

9781840640137 Edward Elgar Publishing
Edited by Marko Simoneti, University of Ljubljana, Slovenia, Saul Estrin, Head, Department of Management, London School of Economics, UK and Andreja Böhm, Deputy Director, Central and Eastern European Privatization Network (C.E.E.P.N), Slovenia
Publication Date: 1999 ISBN: 978 1 84064 013 7 Extent: 208 pp
Privatization investment funds are the key feature of mass privatization programmes in transition economies. This book offers a thorough survey of mass privatization programmes in the Czech Republic, Poland and Slovenia, supported with extensive empirical analysis.

Copyright & permissions

Recommend to librarian

Your Details

Privacy Policy

Librarian Details

Download leaflet

Print page

More Information
Contributors
Contents
More Information
Privatization investment funds are the key feature of mass privatization programmes in transitional economies. This book offers a thorough survey of mass privatization programmes in the Czech Republic, Poland and Slovenia, supported with extensive empirical analysis.

The study of ‘top-down’ privatization funds in Poland and ‘bottom-up’ funds in the Czech Republic and Slovenia offers different solutions to the problem of how to improve the governance of privatization funds. The authors argue that the institutional structure of closed-end investment companies and open-end mutual funds has not provided the right incentives to maximize the value for the shareholders. In addition too many regulations are in place in underdeveloped markets to protect new shareholders unaccustomed to exercising their ownership rights. Instead, the authors argue that they need to promote adjustment in fund portfolios and ownership structures in order to spur the development of capital markets and effective mechanisms of corporate governance.
Contributors
Contributors: A. Böhm, S. Estrin, J. Hanousek, B. Jasovic, E. Kocenda, J. Kotrba, J. Lewandowski, D.M. Nuti, M. Rems, M. Simoneti, R. Szyszko, M. Uvalic
Contents
Contents: Introduction 1. The Governance of Privatization Funds in the Czech Republic 2. The Governance of Privatization Funds in Poland 3. The Governance of Privatization Funds in Slovenia Part I: The Role of Privatization Funds in Privatization and Post-Privatization Part II: Transformation of Privatization Funds Part III: Management Companies and Issues of Governance of Privatization Funds Part IV: The Governance of Privatization Funds with Special Reference to the Role of Supervisory Boards 4. The Impact of Privatization Funds on Corporate Governance in Mass Privatization Schemes: the Czech Republic, Poland and Slovenia 5. The Governance of Privatization Funds: Open Issues and Policy Recommendations References Bibliography Index
eBook for individuals
978 1 78254 358 9
From $40.00
Click here for options
eBook options

Available for individuals to buy from these websites

Or recommend to your institution to acquire on Elgaronline
  • Buy as part of an eBook subject collection - flexible options available
  • Downloading and printing allowed
  • No limits on concurrent user access, ideal for course use
My Cart