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The Impact of Investment Funds on Corporate Governance in Mass Privatization Schemes: Czech Republic, Poland and Slovenia

In: Collected Works of Domenico Mario Nuti, Volume I

Author

Listed:
  • Saul Estrin

    (London School of Economics and Political Science)

  • Domenico Mario Nuti

    (University of Rome)

  • Milica Uvalic

    (University of Perugia)

Abstract

In 1990–1997, in the vast majority of central and eastern European countries, the “transition” to the market economy has been accompanied by mass privatisation schemes, i.e. the free or subsidised distribution of state assets to citizens, through vouchers or equivalent means (see Nuti, 1995). This was a major track for the privatisation of large state enterprises, usually labelled large scale privatisation, but in some countries, vouchers could be used also for the “small” privatisation of flats, shops, restaurants, small plots of land. The few exceptions to date are Hungary; Azerbaijan, Turkmenistan and Uzbekistan in the former Soviet Union; Bosnia and Herzegovina, the FYR of Macedonia and Serbia in the former Yugoslav Federation (see Estrin and Stone, 1996).

Suggested Citation

  • Saul Estrin & Domenico Mario Nuti & Milica Uvalic, 2023. "The Impact of Investment Funds on Corporate Governance in Mass Privatization Schemes: Czech Republic, Poland and Slovenia," Studies in Economic Transition, in: Saul Estrin & Milica Uvalic (ed.), Collected Works of Domenico Mario Nuti, Volume I, chapter 20, pages 475-511, Palgrave Macmillan.
  • Handle: RePEc:pal:stuchp:978-3-031-12334-4_20
    DOI: 10.1007/978-3-031-12334-4_20
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