| { |
| "type": "document", |
| "metadata_information": { |
| "title": "Ownership and corporate governance : evidence from the Czech Republic", |
| "idno": "438818", |
| "producers": [ |
| { |
| "name": "Library", |
| "abbr": "ITSKI", |
| "affiliation": "World Bank", |
| "role": "Curation" |
| } |
| ], |
| "production_date": "2024-05-12", |
| "version": "R script, from D&R API, generated on 2024-05-12" |
| }, |
| "document_description": { |
| "title_statement": { |
| "idno": "438818", |
| "title": "Ownership and corporate governance : evidence from the Czech Republic", |
| "sub_title": "", |
| "alternate_title": "", |
| "translated_title": "" |
| }, |
| "authors": [ |
| { |
| "first_name": "", |
| "initial": "", |
| "last_name": "", |
| "affiliation": "", |
| "full_name": "Claessens,Constantijn A." |
| }, |
| { |
| "first_name": "", |
| "initial": "", |
| "last_name": "", |
| "affiliation": "", |
| "full_name": "Djankov, Simeon" |
| }, |
| { |
| "first_name": "", |
| "initial": "", |
| "last_name": "", |
| "affiliation": "", |
| "full_name": "Pohl, G" |
| } |
| ], |
| "date_created": "1997-03-31", |
| "date_available": "2010-07-01", |
| "date_published": "2010-07-01", |
| "identifiers": [ |
| { |
| "type": "World Bank D&R", |
| "identifier": "438818" |
| }, |
| { |
| "type": "World Bank ID", |
| "identifier": "090224b082b05784" |
| }, |
| { |
| "type": "World Bank Chronical ID", |
| "identifier": "090224b082b05784" |
| }, |
| { |
| "type": "DOI", |
| "identifier": "" |
| } |
| ], |
| "type": "Policy Research Working Paper", |
| "abstract": "The Czech Republic's mass-privatization scheme changed the governance of many firms in a short time. The authors show that mass privatization was effective in improving firm management because of the concentrated ownership structure that resulted. For a cross section of 706 firms for the period 1992-95, they find that the more concentrated the firm's ownership, the higher the firm's market valuation and profitability. Large ownership through bank-sponsored investment funds and strategic investors appears to be particularly important in improving corporate governance and turning firms around. They find no evidence that market valuation or profitability were lower for firms in which investment funds sponsored by a firm's main bank represented a large ownership stake. It is often argued that the firm's main bank having (indirect) ownership control could represent a conflict of interest. The empirical analysis here shows, quite the contrary, that such indirect ownership control has a significant positive influence. On balance, banks that had an (indirect) equity stake in a firm have a positive influence on the firm's corporate governance.", |
| "ref_country": [ |
| { |
| "name": "Czechia", |
| "code": "CZE" |
| } |
| ], |
| "spatial_coverage": "Europe and Central Asia", |
| "languages": [ |
| { |
| "name": "english", |
| "code": "en" |
| } |
| ], |
| "volume": "1", |
| "number": "WPS1737", |
| "url": "http://documents.worldbank.org/curated/en/317991468770745611/pdf/multi-page.pdf", |
| "contacts": [ |
| { |
| "name": "Documents and Reports Help Desk", |
| "affiliation": "World Bank", |
| "email": "documents@worldbank.org", |
| "uri": "https://documents.worldbank.org/en/publication/documents-reports/faqs" |
| } |
| ], |
| "usage_terms": "See World Bank Access to Information (https://www.worldbank.org/en/access-to-information)", |
| "disclaimer": "The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.", |
| "security_classification": "Public", |
| "keywords": [ |
| { |
| "id": "", |
| "name": "financial and operating", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "finance & private sector development", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "book value of equity", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "institutional investor", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "market value of equity", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "market value of debt", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "class of common stock", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "conflicts of interest", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "investment fund", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "corporate governance", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "role of bank", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "secondary market price", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "random effects model", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "mass privatization program", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "international accounting standard", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "explanatory variable", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "number of shares", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "foreign strategic investors", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "joint stock company", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "effects of ownership", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "investment privatization fund", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "average monthly wage", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "quality of data", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "centrally planned economy", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "fixed effect model", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "degrees of freedom", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "privatizing state enterprises", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "allocation of share", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "foreign direct investor", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "secondary market trading", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "class of investor", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "safety and soundness", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "ownership of bank", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "cambridge university press", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "access to technology", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "share of equity", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "access to bank", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "determinants of privatization", |
| "vocabulary": "World Bank", |
| "uri": "" |
| }, |
| { |
| "id": "", |
| "name": "market valuation", |
| "vocabulary": "World Bank", |
| "uri": "" |
| } |
| ], |
| "themes": [ |
| { |
| "id": "", |
| "name": "", |
| "parent_id": "", |
| "vocabulary": "", |
| "uri": "" |
| } |
| ], |
| "reproducibility": { |
| "statement": "", |
| "links": [ |
| { |
| "uri": "", |
| "description": "" |
| } |
| ] |
| }, |
| "pricing": "Free", |
| "date_modified": "", |
| "geographic_units": [ |
| { |
| "name": "", |
| "code": "", |
| "type": "" |
| } |
| ], |
| "series": "", |
| "publisher_address": "", |
| "organization": "", |
| "topics": [ |
| { |
| "id": "", |
| "name": "", |
| "parent_id": "", |
| "vocabulary": "", |
| "uri": "" |
| } |
| ], |
| "relations": [ |
| { |
| "name": "", |
| "type": "" |
| } |
| ], |
| "access_restrictions": "", |
| "edition": "", |
| "notes": [ |
| { |
| "note": "" |
| } |
| ] |
| }, |
| "provenance": [ |
| { |
| "origin_description": { |
| "harvest_date": "2024-05-12", |
| "altered": false, |
| "base_url": "https://documents.worldbank.org/en/publication/documents-reports/api", |
| "identifier": "", |
| "date_stamp": "2024-05-12T18:36:15Z", |
| "metadata_namespace": "WB_DOCREP" |
| } |
| } |
| ], |
| "schematype": "document", |
| "tags": [ |
| { |
| "tag": "", |
| "tag_group": "" |
| } |
| ], |
| "additional": { |
| "additional.wds_action": "", |
| "additional.wds_projectid_sort": "", |
| "additional.wds_owner": "", |
| "additional.project_id": "", |
| "additional.project_name": "", |
| "additional.wds_lndinstr_exact": "", |
| "additional.wds_prdln_exact": "", |
| "additional.wds_countrycode": "", |
| "additional.wds_bdmdt": "", |
| "additional.wds_closedt": "", |
| "additional.wds_loannbr": "", |
| "additional.wds_trustfund": "", |
| "additional.wds_ml_repnme": "", |
| "additional.wds_entityids": { |
| "entityid": "" |
| }, |
| "additional.wds_historic_topic": "", |
| "additional.wds_totvolnb": "", |
| "additional.wds_EnvironmentalCategory": "", |
| "additional.wds_disclosure_type": "", |
| "additional.wds_origin_unit": "", |
| "additional.unhcr_report_url": "", |
| "additional.unhcr_title": "", |
| "additional.unhcr_format": "", |
| "additional.unhcr_sources": [ |
| "" |
| ], |
| "additional.unhcr_posted": "", |
| "additional.unhcr_originally_published": "", |
| "additional.unhcr_origin": "", |
| "additional.unhcr_primary_country": [ |
| "" |
| ], |
| "additional.unhcr_other_countries": [ |
| "" |
| ], |
| "additional.unhcr_themes": [ |
| "" |
| ], |
| "additional.unhcr_languages": [ |
| "" |
| ], |
| "additional.unhcr_disasters": [ |
| "" |
| ], |
| "additional.unhcr_disaster_types": [ |
| "" |
| ], |
| "additional.unhcr_pdf_url": "" |
| } |
| } |
