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Non-standard methods in the privatization strategies of the Czech Republic, Hungary and Poland 1
dc.contributor.authorBornstein, Morrisen_US
dc.date.accessioned2010-06-01T18:44:56Z
dc.date.available2010-06-01T18:44:56Z
dc.date.issued1997-11en_US
dc.identifier.citationBornstein, Morris (1997). "Non-standard methods in the privatization strategies of the Czech Republic, Hungary and Poland 1 ." Economics of Transition 5(2): 323-338. <http://hdl.handle.net/2027.42/71946>en_US
dc.identifier.issn0967-0750en_US
dc.identifier.issn1468-0351en_US
dc.identifier.urihttps://hdl.handle.net/2027.42/71946
dc.description.abstractThe Czech Republic, Hungary and Poland followed different strategies in the use of non-standard methods of privatization. In regard to restitution , the Czech Republic carried out physical return of property, Hungary weakly implemented financial compensation and Poland has not yet approved a programme. Management and employee buyouts were eschewed in the Czech Republic, took the form of employee stock ownership plans in Hungary and were accomplished chiefly by lease-purchase in Poland. The Czech mass privatization programme distributed a considerable amount of joint-stock company shares free through voucher auctions in which citizens participated directly or through financial intermediaries. In contrast, the Polish programme provided citizens free shares in investment trusts that exercise corporate governance over operating companies and restrure them for divestiture. Hungary's programme, which offered people only interest-free loans to buy some shares in intial public offerings, was abandoned soon after its start.en_US
dc.format.extent1071234 bytes
dc.format.extent3109 bytes
dc.format.mimetypeapplication/pdf
dc.format.mimetypetext/plain
dc.publisherBlackwell Publishing Ltden_US
dc.rightsThe European Bank for Reconstruction and Development, 1997en_US
dc.subject.otherPrivatizationen_US
dc.subject.otherRestitutionen_US
dc.subject.otherManagement and Employee Buyoutsen_US
dc.subject.otherVoucher Auctionsen_US
dc.subject.otherInvestment Fundsen_US
dc.subject.otherShare Ownershipen_US
dc.titleNon-standard methods in the privatization strategies of the Czech Republic, Hungary and Poland 1en_US
dc.typeArticleen_US
dc.subject.hlbsecondlevelEconomicsen_US
dc.subject.hlbtoplevelBusinessen_US
dc.description.peerreviewedPeer Revieweden_US
dc.contributor.affiliationumDepartment of Economics University of Michigan Ann Arbor, Michigan 48109–1220, USA Tel: (1) 313 763 4153 Fax: (1) 313 764 2769 E-mail: morborn@umich.eduen_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/71946/1/j.1468-0351.1997.tb00020.x.pdf
dc.identifier.doi10.1111/j.1468-0351.1997.tb00020.xen_US
dc.identifier.sourceEconomics of Transitionen_US
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dc.owningcollnameInterdisciplinary and Peer-Reviewed


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