... are quoted on the Stock Exchange in Warsaw from the beginning of May 1997. New and controversial roles of management firms are discussed in this paper. Poland Privatization Investment funds Shares The approval to transform a State enterprise into a sole‐shareholder company, and the refusal...

...Marián Vitkovicˇ Although mass privatizations in Slovakia had the same starting point as those in the Czech Republic, mass privatisation in Slovakia led to a different ownership structure, which also partly reflects the different industry structure. Proximately to political decision making...

...Jan Hanousek; Evžen Kočenda This paper discusses the privatisation process in the Czech Republic and its influence on corporate governance. While in 1989 the private sector totalled less than 1 per cent of the GDP, at the end of 1996 more than 70 per cent of the GDP was produced by the private...

...Jürgen G. Backhaus Mass privatization is one form of changing the property rights regime of formerly publicly‐owned means of production in the former peoples’ republics of Central and Eastern Europe. From an economic point of view, the central question at this transition is whether the change...

... to participate in the distribution of the value of that property, to provide favourable conditions of development to the enterprises covered by the programme and to improve the effectiveness of their authorisation. This article analyses the extent to which these objectives have been attained. Privatization...

... this process and also examines the nature of the process itself. © MCB UP Limited 2003 Corporate governance Structures Privatization Property rights The Anglo‐American system does not afford banks a major role in corporate control and in some jurisdictions even has specific restrictions...

.... It specifies the original amount every mature citizen can invest through privatising vouchers (25,000 leva) and the price of the voucher book (500 leva). Later, further determination of the process was made in the Law on Privatisation Funds (LPF) (1996) and other government acts. Bulgaria Privatization...

.... A contrast of state‐run, collective and private enterprises is used to illustrate the rapid changes which now place Latvia at the forefront among post‐Soviet reformers. This analysis of the early progress and problems forms a foundation for considering the reform prospects across the former Soviet Union...