EconPapers    
Economics at your fingertips  
 

Performance of Czech Companies by Ownership Structure

Andrew Weiss and Georgiy Nikitin

No 186, William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan

Abstract: Our main Finding is that ownership concentration in the Czech Republic is associated with improvements in the performance of operating companies, but only if ownership is concentrated in hands other than investment funds. We assessed the effects of ownership structure on economic performance by measuring the relationship between changes in performance and the composition of ownership shares at the beginning of the period. Other studies measured the association between levels of performance and the composi6on of ownership. We used robust estimation techniques, in addition to OLS estimation, since we were able to strongly reject normality. Since the data comes from surveys and since accounting, standards during this period were far from uniform; it is not surprising that the data would be subject to large measurement errors. These measurement errors may have generated the results observed in other studies.

Pages: pages
Date: 1998-06-01
References: Add references at CitEc
Citations: View citations in EconPapers (21)

Downloads: (external link)
http://www.wdi.umich.edu/files/Publications/WorkingPapers/wp186.pdf
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.wdi.umich.edu/files/Publications/WorkingPapers/wp186.pdf [302 Found]--> https://wdi.umich.edu/files/Publications/WorkingPapers/wp186.pdf)

Related works:
Working Paper: Performance of Czech Companies by Ownership Structure (1998)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wdi:papers:1998-186

Access Statistics for this paper

More papers in William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan 724 E. University Ave, Wyly Hall 1st Flr, Ann Arbor MI 48109. Contact information at EDIRC.
Bibliographic data for series maintained by WDI ().

 
Page updated 2025-04-02
Handle: RePEc:wdi:papers:1998-186