| Author(s): |
† prof. Ing. Michal Mejstřík CSc.,
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| Type: |
Articles in refereed journals |
| Year: |
1999 |
| Number: |
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| ISSN / ISBN: |
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| Published in: |
Occasional papers IES FSV Charles University |
| Publishing place: |
Praha |
| Keywords: |
privatization, foreign investment, corporate governance |
| JEL codes: |
G300, G380, H820, F210 |
| Suggested Citation: |
Mejstrik M., Corporate Governance: Theory and the Czech Reality, Occasional paper IES 1999/1 |
| Grants: |
402/99/0606 (1999-2001) The Cultivation of the Financial markets in the Czech Republic
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| Abstract: |
The corporate governance issues are seen as the key barriers for further enterprise development within Czech Republic. The theoretical notions and assumptions of corporate governance are compared with the Czech institutional prerequisites and practise that results in the definition of "Czech biased, bivalent form" of corporate governance. It influenced the banking corporate governance failure that resulted in different restructuring profiles of particular types of companies. The foreign controlled companies seem to represent long-term standard behavior with new internal and external contractual architecture that might be partially eroded by the environment with prevailing incomplete contracts used by number of participants for their individual benefit. Institutional changes following "acqui communitaire", support of foreign investments and privatization of remaining state banks are seen as a consensual policy point of departure.
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| Downloadable: |
OP 1999_1 Mejstrik
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