Privatization and Stock Market Creation: Evidence from Transition Economies
dizertační práce (OBHÁJENO)
Zobrazit/ otevřít
Trvalý odkaz
http://hdl.handle.net/20.500.11956/21557Identifikátory
SIS: 78955
Kolekce
- Kvalifikační práce [17123]
Autor
Vedoucí práce
Oponent práce
Fidrmuc, Jarko
Hasan, Iftekhar
Fakulta / součást
Fakulta sociálních věd
Obor
Ekonomie
Katedra / ústav / klinika
CERGE
Datum obhajoby
26. 6. 2009
Nakladatel
Univerzita Karlova, Fakulta sociálních vědJazyk
Angličtina
Známka
Prospěl/a
Zuzana Fungáčová Privatization and Stock Market Creation: Evidence from Transition Economies Abstrakt v češtině - dokument nenalezen
Research Journal Articles Working Papers Research in Brief Series Dissertations Other Publications Featured Article Dissertations Date: Friday, June 26, 2009 - 14:00 Zuzana Fungáčová: "Privatization and Stock Market Creation: Evidence from Transition Economies" Dissertation Committee: Jan Hanousek (chair) Randall Filer Evžen Kočenda Jan Švejnar Abstract: The importance of finance for growth has already been confirmed in numerous studies. This relationship is especially crucial for the transition economies where financial systems had to be built from the scratch after the collapse of central planning. This work investigates stock markets that constitute an important part of the developed financial system. Functioning stock markets are found to be necessary even if the country's financial system is bank-based. In fact, in the transition countries stock markets are a relatively new phenomenon. Even though in comparison to the developed countries these markets remain still underdeveloped, they have been evolving as an important complement to the banks in the course of the transition process (EBRD Transition Report 2006). Stock markets emerged to help with the transformation of the state-owned assets to private hands and afterwards also with the rearrangement of ownership structures. They were also expected to...