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Building a castle on sand: effects of mass privatization on capital market creation in transition economies

SYSNO ASEP	0024228
Document Type	J - Journal Article
R&D Document Type	Journal Article
Subsidiary J	Ostatní články
Title	Building a castle on sand: effects of mass privatization on capital market creation in transition economies
Title	Stavění hradu na písku: účinky velké privatizace na kapitálové trhy v tranzitivních ekonomikách
Author(s)	Fungáčová, Zuzana (NHU-N)
Source Title	CERGE-EI Working Paper Series - ISSN 1211-3298 -, č. 256 (2005), s. 1-51
Number of pages	51 s.
Publication form	www - www
Language	eng - English
Country	CZ - Czech Republic
Keywords	mass privatization ; emerging capital markets
Subject RIV	AH - Economics
R&D Projects	GA402/05/1014 GA ČR - Czech Science Foundation (CSF)
CEZ	AV0Z70850503 - NHU-N (2005-2011)
Annotation	We study the relationship between mass privatization and capital market development in the transition economies. The link is investigated empirically using a panel of data which includes most of the transition countries. Our results confirm the hypothesis that mass privatization exerted a negative influence on capital market functioning in the short and medium term.
Workplace	Economics Institute
Contact	Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122
Year of Publishing	2006

Number of the records: 1