Restructuring of Czech Firms: An Example of Gama, a.s
The process of massive privatization of Czech firms created a completely new situation for Czech managers and developed a new institution of corporate owners. This case uses the example of Gama, a.s. - joint stock company, one of a few successful firms operating since restructuring and turnaround, to discuss the process of privatization, the impact of the Prague Stock Exchange and regulation there for changes in the ownership structure. The role and process of the so-called "third wave" of privatization is also discussed together with the opinions of major players. Gama, a.s., a former branch of the industrial group Koh-i-noor, became a leader in this group and started the restructuring process there. Managers decided to develop a strategic alliance with a strong financial partner in order to support their ideas of restructuring the industry. A two-step process followed-a turnaround of their own firm and the acquisition of daughter companies through cooperation with investors. The rule of thumb seems to be similar to the lesson of the famous Czech opera "The Bartered Bride": competent and informed people win.
|Date of creation:||01 Jun 1996|
|Contact details of provider:|| Postal: 724 E. University Ave, Wyly Hall 1st Flr, Ann Arbor MI 48109|
Phone: 734 763-5020
Fax: 734 763-5850
Web page: http://www.wdi.umich.edu
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:wdi:papers:1996-21. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (WDI)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.