The Governance of Privatization Funds: Experiences of the Czech Republic, Poland and Slovenia - Couverture rigide

Couverture rigide

ISBN 10 : 1840640138 ISBN 13 : 9781840640137

Editeur : Edward Elgar Publishing Ltd, 1999

Synopsis

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.

A propos du livre

À propos de l?auteur

Edited by Marko Simoneti, University of Ljubljana, Slovenia, Saul Estrin, Head, Department of Management, London School of Economics, UK and the late Andreja Böhm, formerly Deputy Director, Central and Eastern European Privatization Network (C.E.E.P.N), Slovenia

Détails de l'édition

• Éditeur: Edward Elgar Publishing Ltd
• Date d'édition: 1999
• Langue: anglais
• ISBN 10: 1840640138
• ISBN 13: 9781840640137
• Reliure: Relié
• Nombre de pages: 208
• Éditeur: Simoneti Marko, Estrin Saul, Böhm Andreja
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible