State ownership and control in the Czech Republic

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11640%2F12%3A00379841" target="_blank" >RIV/00216208:11640/12:00379841 - isvavai.cz</a>

Result on the web

<a href="http://dx.doi.org/10.1007/s10644-011-9114-z" target="_blank" >http://dx.doi.org/10.1007/s10644-011-9114-z</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1007/s10644-011-9114-z" target="_blank" >10.1007/s10644-011-9114-z</a>

Result language

angličtina

Original language name

State ownership and control in the Czech Republic

Original language description

We analyze the extent of the integrated control of the state over privatized firms during the post-privatization decade (1995-2005) in the Czech Republic. During this period the integrated control potential of the state resembled a corporate pyramid. While pyramidal control was not fully utilized, the golden share in the hands of the state substantially enhanced its ability to control firms. In terms of corporate performance we show that state control resulted in declining and even negative corporate performance. Integrated state control was shown to be mostly inferior when compared with private types of ownership. State ownership positions are in striking contrast with the lack of capacity to push corporate performance in order to collect larger tax volumes. Lack of focus and inter-agency cooperation as well as the simple inefficiency of the state bureaucracy are the most likely reasons behind our findings.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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Project

<a href="/en/project/GA402%2F09%2F1595" target="_blank" >GA402/09/1595: Corporate performance, behavior and ownership structures in the Czech firms: Theoretical modeling and empirical assessment</a><br>

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2012

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Economic Change and Restructuring

ISSN

1573-9414

e-ISSN

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Volume of the periodical

45

Issue of the periodical within the volume

3

Country of publishing house

US - UNITED STATES

Number of pages

15

Pages from-to

157-191

UT code for WoS article

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EID of the result in the Scopus database

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