Investment funds play a key role in mass privatization in many transition economies. But have they lived up to expectations? The authors look at that question in the two earliest and best-known cases--Russia and the Czech Republic. The evidence is discouraging. It appears that the funds have either not been able to enhance the value of their holdings or have failed to share any gains with their investors. Dividends have been extremely low. Property...
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INFORMATION
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1997/04/30
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Point de vue
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16888
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1
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1
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2010/07/01
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Investment funds in mass privatization : lessons from Russia and the Czech Republic
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mass privatization