This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Performance of Czech Companies by Ownership Structure

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Andrew Weiss
Georgiy Nikitin

Additional information is available for the following registered author(s):

Abstract

Our main finding is that ownership concentration in the Czech Republic is associated with improvements in the performance of operating companies, but only if ownership is concentrated in hands other than investment funds. We assessed the effects of ownership structure on economic performance by measuring the relationship between changes in performance and the composition of ownership shares at the beginning of the period. Other studies measured the association between levels of performance and the composition of ownership. We used robust estimation techniques, in addition to OLS estimation, since we were able to strongly reject normality. Since the data comes from surveys and since accounting standards during this period were far from uniform, it is not surprising that the data would be subject to large measurement errors. These measurement errors may have generated the results observed in other studies.

Download Info
To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Publisher Info
Paper provided by Boston University, Institute for Economic Development in its series Boston University - Institute for Economic Development with number 85.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length:
Date of creation: May 1998
Date of revision:
Handle: RePEc:fth:bosecd:85

Contact details of provider:
Postal: 264 Bay State Road, Boston, MA 02215
Phone: 617-353-4030
Fax: 617-353-4143
Email:
Web page: http://www.bu.edu/econ/ied/
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: (Thomas Krichel).

Related research
Keywords:

Other versions of this item:

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)
  1. Claessens, Stijn & Djankov, Simeon, 1999. "Ownership Concentration and Corporate Performance in the Czech Republic," CEPR Discussion Papers 2145, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  2. Cincibuch, Martin & Vávra, David, 2000. "Towards the EMU: A Need For Exchange Rate Flexibility?," Transition Economics Series 17, Institute for Advanced Studies. [Downloadable!]
  3. Cull, Robert & Matesova, Jana & Shirley, Mary, 2001. "Ownership structure and the temptation to loot : evidence from privatized firms in the Czech Republic," Policy Research Working Paper Series 2568, The World Bank. [Downloadable!]
  4. Randall K. Filer & Jan Hanousek, 2001. "Data Watch: Research Data from Transition Economies," William Davidson Institute Working Papers Series 416, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
    Other versions:
  5. Galyna Grygorenko & Stefan Lutz, 2007. "Firm Performance and Privatization in Ukraine," The School of Economics Discussion Paper Series 0704, Economics, The University of Manchester. [Downloadable!]
    Other versions:
  6. Joze P. Damiajn & Aleksandra Grogoric & Janez Prasnikar, 2004. "Ownership Concentration and Firm Performance in Slovenia," LICOS Discussion Papers 14204, LICOS - Centre for Institutions and Economic Performance, K.U.Leuven. [Downloadable!]
  7. Irena Grosfeld & Thierry Tressel, 2001. "Competition and Corporate Governance : Substitutes or Complements ? Evidence from the Warsaw Stock Exchange," DELTA Working Papers 2001-06, DELTA (Ecole normale supérieure). [Downloadable!]
    Other versions:
  8. Polona Domadenik & Lubomir Lizal & Marko Pahor, 2003. "Effect of Enterpise Break-Ups on Performance: Case of Former Yugoslav Republic of Macedonia," CERGE-EI Working Papers wp216, The Center for Economic Research and Graduate Education - Economic Institute, Prague. [Downloadable!]
  9. Marko Simoneti & Joze P. Damijan & Matija Rojec & Boris Majcen, 2004. "Case-by-case versus Mass Privatization in Transition Economies: Owner and Seller Effects on Performance of Firms in Slovenia," LICOS Discussion Papers 14304, LICOS - Centre for Institutions and Economic Performance, K.U.Leuven. [Downloadable!]
  10. John P. Bonin, Bozena Leven, 2001. "Can State-owned Banks Promote Enterprise Restructuring? Evidence from One Polish Bank's Experience," Post-Communist Economies, Taylor and Francis Journals, vol. 13(4), pages 431-443, December. [Downloadable!] (restricted)
  11. Alan Bevan & Saul Estrin & Mark E. Schaffer, 1999. "Determinants of Enterprise Performance during Transition," CERT Discussion Papers 9903, Centre for Economic Reform and Transformation, Heriot Watt University. [Downloadable!]
  12. Alexander Pivovarsky, . "How Does Privatization Work? Ownership Concentration and Enterprise Performance in Ukraine," IMF Working Papers 01/42, International Monetary Fund. [Downloadable!]
Statistics
Access and download statistics

Did you know? A tutorial is available.

This page was last updated on 2009-11-20.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.