The Czech Republic: Ownership and Performance of Voucher-Privatised Firms

Evžen Kočenda and Juraj Valachy

Chapter 5 in Secondary Privatisation in Transition Economies, 2003, pp 171-214 from Palgrave Macmillan

Abstract: Abstract The Czech Republic was the first transition country to embark on mass privatisation at the outset of her transition to a market economy. In this chapter we analyse the evolution of ownership structure and the performance of firms privatised through the mass privatisation programme. We begin the chapter with a brief discussion of the privatisation process in the Czech Republic in order to establish an appropriate framework for further analysis of the ownership structures within the emerging market economy. In the first section (5.1), we also analyse the evolution of ownership concentration from 1993 to 1999 and highlight the changes in the structure of ownership. In the second section (5.2), we concentrate on the post-privatisation outcomes and analyse the performance of mass privatised firms.

Keywords: Concentration Index; Ownership Structure; Investment Fund; Ownership Concentration; Herfindahl Index (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37701-1_5

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DOI: 10.1057/9780230377011_5

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