IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

Restructuring of Czech Firms: An Example of Gama, a.s

Listed author(s):
  • Antonio Bulin
Registered author(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.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Paper provided by William Davidson Institute at the University of Michigan in its series William Davidson Institute Working Papers Series with number 21.

    in new window

    Length: pages
    Date of creation: 01 Jun 1996
    Handle: RePEc:wdi:papers:1996-21
    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:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    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.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.