Mass Privatisation and Corporate Governance in the Czech Republic

Abstract

number P-95-26332-F, is gratefully acknowledged. This project has benefited from the support of the managers of several investment funds and many enterprises who on several occasions over the past four years participated in detailed interviews and shared their views with the author. I am also indebted to Olga Ratajova and Jason Kuiper who helped me as research assistants at different stages of this project. 1 The mass privatisation programme in the Czech Republic has been hailed as one of the largest and most successful experiments in ownership transformation in transition economies. In the relatively short period of just over 4 years, the ownership of some 1700 large and mediums sized enterprises were transferred to the private sector with the