1994
DOI: 10.2307/1344605
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Privatization and Corporate Control in the Czech Republic

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Cited by 20 publications
(14 citation statements)
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“…The institutional landscape of Czech business was deeply affected by the adoption of the voucher method to privatize state property. It concentrated ownership in the hands of state bank‐owned Investment Privatization Funds (IPFs) and minimized investment in technologically weak SOEs (Brom and Orenstein, 1994; Dlouhý and Mládek, 1994). It also unwittingly created an opaque ‘web of cross‐ownership’ between political, financial and industrial players (Brom and Orenstein, 1994; Kenway and Klvačová, 1996; Spicer et al., 2000), resulting in allegations of corruption and banking scandals that affected business confidence until 1998, when market institutions like bankruptcy and corporate governance began to be enforced (Mertlík, 1998; Pavlínek, 2002).…”
Section: The Post‐socialist Context and Organizational Changementioning
confidence: 99%
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“…The institutional landscape of Czech business was deeply affected by the adoption of the voucher method to privatize state property. It concentrated ownership in the hands of state bank‐owned Investment Privatization Funds (IPFs) and minimized investment in technologically weak SOEs (Brom and Orenstein, 1994; Dlouhý and Mládek, 1994). It also unwittingly created an opaque ‘web of cross‐ownership’ between political, financial and industrial players (Brom and Orenstein, 1994; Kenway and Klvačová, 1996; Spicer et al., 2000), resulting in allegations of corruption and banking scandals that affected business confidence until 1998, when market institutions like bankruptcy and corporate governance began to be enforced (Mertlík, 1998; Pavlínek, 2002).…”
Section: The Post‐socialist Context and Organizational Changementioning
confidence: 99%
“…In contrast, post‐socialist managers were expected to think strategically, act innovatively, take on responsibilities and restructure their enterprises to reflect market‐economic principles (Carlin and Landesmann, 1997; Meyer and Lieb‐Dóczy, 2003). Restructuring included downsizing, decentralizing and divisionalizing their enterprises and breaking off smaller independent units (Dlouhý and Mládek, 1994; Lízal et al., 1995; Zemplinerová and Stíbal, 1995).…”
Section: The Post‐socialist Context and Organizational Changementioning
confidence: 99%
“…Restitution immediately following the Velvet Revolution did not come from the agenda of the Czechoslovak economic reformers (Dlouhý & Mládek, 1994). There were fears that restitution would hold up or complicate the process of privatisation.…”
Section: Louzek | 979mentioning
confidence: 99%
“…From 1991 onwards, in this privatisation phase, most large SOEs had to devise privatisation strategies using the well-documented methods (e.g. Kotrba 1995;Dlouhý/Mládek 1994;Mládek 1993). Privatisation took place over a variable period, its length depending on enterprise-specific circumstances.…”
Section: The Broad Patternsmentioning
confidence: 99%