The Impact of Investment Funds on Corporate Governance in Mass Privatization Schemes: Czech Republic, Poland and Slovenia

Saul Estrin (), Domenico Mario Nuti () and Milica Uvalic ()
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Saul Estrin: London School of Economics and Political Science
Domenico Mario Nuti: University of Rome
Milica Uvalic: University of Perugia

Chapter 20 in Collected Works of Domenico Mario Nuti, Volume I, 2023, pp 475-511 from Palgrave Macmillan

Abstract: Abstract In 1990–1997, in the vast majority of central and eastern European countries, the “transition” to the market economy has been accompanied by mass privatisation schemes, i.e. the free or subsidised distribution of state assets to citizens, through vouchers or equivalent means (see Nuti, 1995). This was a major track for the privatisation of large state enterprises, usually labelled large scale privatisation, but in some countries, vouchers could be used also for the “small” privatisation of flats, shops, restaurants, small plots of land. The few exceptions to date are Hungary; Azerbaijan, Turkmenistan and Uzbekistan in the former Soviet Union; Bosnia and Herzegovina, the FYR of Macedonia and Serbia in the former Yugoslav Federation (see Estrin and Stone, 1996).

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-3-031-12334-4_20

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DOI: 10.1007/978-3-031-12334-4_20

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