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The Czech Republic: Ownership and Performance of Voucher-Privatised Firms

In: Secondary Privatisation in Transition Economies

Author

Listed:
  • Evžen Kočenda
  • Juraj Valachy

Abstract

The Czech Republic was the first transition country to embark on mass privatisation at the outset of her transition to a market economy. In this chapter we analyse the evolution of ownership structure and the performance of firms privatised through the mass privatisation programme. We begin the chapter with a brief discussion of the privatisation process in the Czech Republic in order to establish an appropriate framework for further analysis of the ownership structures within the emerging market economy. In the first section (5.1), we also analyse the evolution of ownership concentration from 1993 to 1999 and highlight the changes in the structure of ownership. In the second section (5.2), we concentrate on the post-privatisation outcomes and analyse the performance of mass privatised firms.

Suggested Citation

  • Evžen Kočenda & Juraj Valachy, 2003. "The Czech Republic: Ownership and Performance of Voucher-Privatised Firms," Palgrave Macmillan Books, in: Barbara Błaszczyk & Iraj Hoshi & Richard Woodward (ed.), Secondary Privatisation in Transition Economies, chapter 5, pages 171-214, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37701-1_5
    DOI: 10.1057/9780230377011_5
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    Cited by:

    1. Piotr Kozarzewski & Richard Woodward, 2004. "Enterprise Performance and Ownership Changes in Polish Firms," CASE Network Studies and Analyses 0271, CASE-Center for Social and Economic Research.

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