The Investment Choices of Voucher Holders and Their Impact on Privarizad Firm Performance

Barbara Katz and J. Owen

Working Papers from New York University, Leonard N. Stern School of Business, Department of Economics

Abstract: We study the portfolio problem facing the individual voucher holder in a transition economy which has decided to privatize using the voucher method and, in which voucher privatization funds (VPFs) can, by their bids abd subsequent joint ownership patterns, alter the performance of the firms in their funds.

Keywords: PRIVATIZATION; ECONOMIC OF TRANSITION; FINANCIAL MARKET; FIRMS (search for similar items in EconPapers)
JEL-codes: D44 G11 L33 P21 (search for similar items in EconPapers)
Pages: 37 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:ste:nystbu:96-08

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