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Transition economy and privatization in Mongolia: case study: analysis of voucher privatization in Mongolia
Khurelbaatar, Baigali ; Mlčoch, Lubomír (advisor) ; Glazar, Ondřej (referee)
Title: Transition economy and Privatization in Mongolia Subtitle: Analysis of voucher privatization in Mongolia Author: Khurelbaatar Baigali Supervisor: Prof. Ing. Lubomír Mlčoch.CSc Abstract: The voucher privatization was one of the biggest economic action during transition economy. However, the main consequences of such action were unexpected, very rapid and it was a political action rather than economical. Also Mongolian citizens' disapproval of the voucher privatization is still great after 20 years. But in year 2011, Mongolian government approved using very similar method for the privatization on mining sector, named a "Tavan Tolgoi" privatization. This thesis focuses on a particular process of the Mongolian by comparing between Russian and Czech voucher privatization. Comparative study with both qualitative and quantitative research methods is carried based on the data of three countries; economic indices and questionnaire were collected by author. In this study, the whole process is described and the main part of the thesis focuses on analysis of the free voucher allocating method and its advantages as well as disadvantages. The aim of the thesis is to reveal the true impacts of the voucher privatization and ultimately try to answer whether it is social confusion or it is a non-recommended method.
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Fate of privatized enterprises in the 1. wave of voucher privatization
Hlaváček, Jiří ; Ježek, Tomáš (advisor) ; Procházka, Pavel (referee)
This diploma thesis is aimed to map the development of the companies that have passed the first wave of voucher privatization from 1991 until 2013. Development of 988 companies has not been yet comprehensively examined. The aim is to determine the ownership structure, including the ability to find majority shareholders. The second part is focused on how many companies has been closed over the past twenty years and method of liquidation. Another finding is that two-fifths of companies have changed the form of shares to the documentary. Finally, the research focuses on delisting of shares from czech capital market. The last part is based on comparison of results of the two waves of voucher privatization and the main findings are very similar.
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Privatization process in the Czech Republic
Bochenek, Jan ; Nečadová, Marta (advisor) ; Soukupová, Jana (referee)
The bachelor thesis is concerned with privatization process in Czech Republic. Work characterizes the initial conditions, possible approaches and different methods of privatization in conjunction with their successes as well as criticism. The first part is devoted to transformation, starting points and approaches to privatization. The second part describes and evaluates the privatization process in the Czech Republic.
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The Evaluation of the Czech way during the economy transformation (general overview)
HOVORKOVÁ, Karolína
The Bachelor's thesis deals with the denationalization and the privatization process during the period of the economy transformation in the Czech republic in 1990's which was later termed as the Czech way. The thesis mainly focuses on the politician's and economist's opinions on the correctness and legality of its implementation. The thesis is divided into three parts except introduction and conclusion. The first part pursues political, economic and juridical bases, the Czech way's main targets and alternative ways. Next chapter is concerned with the Czech way itself, denationalization and privatization, mainly the voucher privatization. In this chapter we can find the best known affairs connected with the Czech way. In the third part we can find main mistakes involved in the Czech way. The Bachelor's thesis includes tables showing the economy transition by means of fundamental economic indicators or the number of emerging entrepreneurial subjects.
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Fate of privatized enterprises in the 2. wave of voucher privatization
Hanzl, Jiří ; Ježek, Tomáš (advisor) ; Pícl, Michal (referee)
Development of companies from voucher privatization has not been yet comprehensively examined although this information is necessary to evaluation the process of voucher privatization. This thesis is aimed to map the development of the companies that have passed the second wave of voucher privatization from 1993 until 2010. The aim is to determine the ownership structure of the companies, including the determination of how many of them are still under state control. The second area focuses on the economic performance and on finding of how many companies has been closed over the past period, and the comparison of development across industries. The comparison of economic efficiency is based on the information of the ownership structure depending on the size of the share of the largest shareholder. Finally, the research focuses on the marketability of the shares and delisting, changing the form of shares to the documentary, which was used by almost half of the companies.
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The transformation process in the Czech Republic in the second half of the nineties of the 20th century
Měřička, Martin ; Szobi, Pavel (advisor) ; Tajovský, Ladislav (referee)
The main objective of my diploma thesis is comprehensive analysis of the transition process in the Czech Republic with focuse on the second half of the nineties of the 20th century. In the first part I briefly analyse transition and privatization process in 1991 - 1996. Emphasis will be given to the selected concept of privatization and criticism. Then in a separate sub-chapter I critically judge the procedure of first and second wave of coupon privatization. The second part will be consist of an analysis of the financial crisis in 1996 - 1997 and I'll mainly deal with its causes and implemented measures. In subsequent chapters of the thesis I'll focus on the question of the so-called third wave of voucher privatization, privatization of banks and the role the National Property Fund and the Consolidation Agency. Chosen subject will be the result of the analysis of published sources, the latest literature and papers. An important part will be also studying of daily press and interviews with some economists, which are published or were in mass media. Finally I will try to get some personal interview with someone of the actors, who's involved in this a complex process.
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Comparison of the Privatization Process in the Czech Republic, Poland and Hungary
Bartulík, Adam ; Ježek, Tomáš (advisor) ; Doležalová, Antonie (referee)
The subject of this thesis is the comparison of the privatization process in the Czech Republic (former Czechoslovakia), Hungary and Poland. The starting point of the thesis represents an initial outline of the situation - for different initial conditions in each country significantly influenced the course and shape of the process. The main part of the thesis is an analysis of privatization processes in compared countries, with emphasis on their specific features and influences that affect the process significantly. At the conclusion there is a comparision of Czech, Hungarian and Polish version of privatization based on several criteria. Although it is difficult to classify the universally best privatization method, main advantages and disadvantages of different methods and serious mistakes committed by economic policy actors can be easily identified.
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Privatization of Czechoslovakian economy in the process of transformation
Števíková, Eva ; Tajovský, Ladislav (advisor) ; Chalupecký, Petr (referee)
The aim of my bachelor thesis is an analysis of the process of privatization in Czechoslovakia, resp. in the Czech Republic, after the fall of the socialist regime in 1989. The transfer of state property to private hands became one of the key aspects of the transformation process and was one of the necessary prerequisites for a functioning free market. In the introduction of my work, I will evaluate certain hypotheses held by the creators and participants at the beginning of the process of privatization as well outline as which options and strategies were considered. I will also try to answer the question of why things proceeded in the manner in which they did. I will attempt to define the risks and pressures that the transfer of such a huge amount of property in such a short time entailed. I will describe the process of denationalization, namely restitution through small and large privatization, while focusing on the progress of voucher privatization, which served as the primary method of large privatization. In my work, I drew from published sources and recent professional literature.
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Privatization process in the Czech Republic
Gottvald, Jan ; Nečadová, Marta (advisor) ; Džbánková, Zuzana (referee)
The bachelor thesis is concerned with privatization process in Czech Republic. In the first part of the thesis is described the departure point in Czechoslovakia considering the conditions of economy before November 1989, characteristics of centrally planned economy and the transformation. Besides the various approaches to the privatization and transformation, next part of the thesis is further focused on methods of privatization - small privatization, restitution and large privatization. The aim of the thesis is in conclusion to review fruitfulness of voucher privatization and role of investment privatization funds with consequences of their attendance in voucher privatization.
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