Secondary Privatization in the Czech Republic: Changes in Ownership and Enterprise Performance in Voucher-Privatized Firms

Kočenda E., Valachy J.
Center for Social and Economic Research, Warsaw, 2001

CASE Reports No. 45

Preface:

[...] Following the presentation of a clear picture of the economic outcomes of the voucher privatizatin in the Czech Republic, the paper turns to the initial changes in ownership structures of privatized companies. The main types of new owners are identified and the emerging trends of ownership concentration analyzed. The second part of this publication is devoted to a description of post-privatization transactions and their influence on the further re-allocation and concentration of ownership. The interconnection between secondary changes in ownership structure and economic performance of a sample of companies traded on the Prague Stock Exchange is investigated using various econometric instruments. [...]