Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/30495 
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dc.contributor.authorKocenda, Evézenen
dc.contributor.authorHanousek, Janen
dc.date.accessioned2009-10-21-
dc.date.accessioned2010-05-14T08:20:16Z-
dc.date.available2010-05-14T08:20:16Z-
dc.date.issued2009-
dc.identifier.urihttp://hdl.handle.net/10419/30495-
dc.description.abstractWe 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. Lack of focus and inter-agency cooperation as well as the simple inefficiency of the state bureaucracy are the most likely reasons behind our findings.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2801en
dc.subject.jelC30en
dc.subject.jelD21en
dc.subject.jelD29en
dc.subject.jelG30en
dc.subject.jelL21en
dc.subject.ddc330en
dc.subject.keywordstate ownershipen
dc.subject.keywordcontrolen
dc.subject.keywordcorporate performanceen
dc.subject.keywordprivatizationen
dc.subject.stwÖffentliche Kapitalbeteiligungen
dc.subject.stwÖffentliches Unternehmenen
dc.subject.stwPrivatisierungen
dc.subject.stwStaatliche Einflussnahmeen
dc.subject.stwUnternehmensentwicklungen
dc.subject.stwTschechische Republiken
dc.titleState ownership and control in the Czech Republic-
dc.typeWorking Paperen
dc.identifier.ppn610761587en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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