Number of the records: 1
State ownership and control in the Czech Republic
- 1.
SYSNO ASEP 0334202 Document Type O - Others R&D Document Type The record was not marked in the RIV Title State ownership and control in the Czech Republic Author(s) Kočenda, Evžen (NHU-C) RID
Hanousek, Jan (NHU-C) RIDYear of issue 2009 Language eng - English Country DE - Germany Keywords state ownership ; corporate performance ; privatization ; control Subject RIV AH - Economics R&D Projects GA402/09/1595 GA ČR - Czech Science Foundation (CSF) LC542 GA MŠMT - Ministry of Education, Youth and Sports (MEYS) CEZ MSM0021620846 - NHU-C Annotation We analyze the extent of the integrated control of the state over privatized firms during the post-privatization decade (1995-2005) in the Czech Republic. During this period the integrated control potential of the state resembled a corporate pyramid. While pyramidal control was not fully utilized, the golden share in the hands of the state substantially enhanced its ability to control firms. In terms of corporate performance we show that state control resulted in declining and even negative corporate performance. Integrated state control was shown to be mostly inferior when compared with private types of ownership. State ownership positions are in striking contrast with the lack of capacity to push corporate performance in order to collect larger tax volumes. Workplace Economics Institute - CERGE Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2010
Number of the records: 1