ISBN:
9781782543589
Sprache:
Englisch
Seiten:
1 Online-Ressource (xii, 194 pages)
,
illustrations
Paralleltitel:
Erscheint auch als
Paralleltitel:
Elektronische Reproduktion von The governance of privatization funds
DDC:
338.943
Schlagwort(e):
Privatization
;
Privatization
;
Privatization
;
Corporate governance
;
Corporate governance
;
Corporate governance
Kurzfassung:
Privatization investment funds are the key feature of mass privatization programmes in transitional economies. This book offers a thorough survey of mass privatization programmes in the Czech Republic, Poland and Slovenia, supported with extensive empirical analysis. The study of 'top-down' privatization funds in Poland and 'bottom-up' funds in the Czech Republic and Slovenia offers different solutions to the problem of how to improve the governance of privatization funds. The authors argue that the institutional structure of closed-end investment companies and open-end mutual funds has not provided the right incentives to maximize the value for the shareholders. In addition too many regulations are in place in underdeveloped markets to protect new shareholders unaccustomed to exercising their ownership rights. Instead, the authors argue that they need to promote adjustment in fund portfolios and ownership structures in order to spur the development of capital markets and effective mechanisms of corporate governance
Beschreibung / Inhaltsverzeichnis:
Contents: Introduction -- 1. The governance of privatization funds in the Czech Republic -- 2. The governance of privatization funds in Poland -- 3. The governance of privatization funds in Slovenia -- Part I: The role of privatization funds in privatization and post-privatization -- Part II: Transformation of privatization funds -- Part III: Management companies and issues of governance of privatization funds -- Part IV: The governance of privatization funds with special reference to the role of supervisory boards -- 4. The impact of privatization funds on corporate governance in mass privatization schemes: The Czech Republic, Poland and Slovenia -- 5. The governance of privatization funds: Open issues and policy recommendations -- References -- Bibliography -- Index.
Anmerkung:
Includes bibliographical references (pages 181-187) and index
URL:
Deutschlandweit zugänglich
URL:
Deutschlandweit zugänglich
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