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The Investment Choices of Voucher Holders and Their Impact on Privarizad Firm Performance

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Author Info
Katz, B.G.
Owen, J.

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Abstract

We study the portfolio problem facing the individual voucher holder in a transition economy which has decided to privatize using the voucher method and, in which voucher privatization funds (VPFs) can, by their bids abd subsequent joint ownership patterns, alter the performance of the firms in their funds.

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Publisher Info
Paper provided by New York University, Leonard N. Stern School of Business, Department of Economics in its series Working Papers with number 96-08.

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Length: 37 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:ste:nystbu:96-08

Contact details of provider:
Postal: New York University, Leonard N. Stern School of Business, Department of Economics, 44 West 4th Street, New York, NY 10012-1126
Phone: (212) 998-0860
Fax: (212) 995-4218
Web page: http://w4.stern.nyu.edu/economics/
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Related research
Keywords: PRIVATIZATION; ECONOMIC OF TRANSITION; FINANCIAL MARKET; FIRMS;

Find related papers by JEL classification:
P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform
L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Boundaries of Public and Private Enterprise; Privatization; Contracting Out
D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions

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This page was last updated on 2009-12-28.


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