State ownership and control in the Czech Republic

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

State ownership and control in the Czech Republic

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

State ownership and control in the Czech Republic

Popis výsledku anglicky

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.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

<a href="/cs/project/GA402%2F09%2F1595" target="_blank" >GA402/09/1595: Výkonnost, chování a vlastnické struktury v českých podnicích: Teoretické modely a empirické hodnocení</a><br>

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2012

Kód důvěrnosti údajů

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

Název periodika

Economic Change and Restructuring

ISSN

1573-9414

e-ISSN

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Svazek periodika

45

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

15

Strana od-do

157-191

Kód UT WoS článku

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EID výsledku v databázi Scopus

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