English, Article edition: THE FAILINGS OF LEGAL CENTRALISM FOR HELPING STOCK MARKETS IN TRANSITION Edward STRINGHAM; Peter BOETTKE

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/198118
Physical Description
  • article
Language
  • English

Edition details

Title
  • THE FAILINGS OF LEGAL CENTRALISM FOR HELPING STOCK MARKETS IN TRANSITION
Author
  • Edward STRINGHAM
  • Peter BOETTKE
Physical Description
  • article
Notes
  • regulation, legal centralism, Czech stock market transition, corporate governance
  • RePEc:prg:jnlpol:v:2006:y:2006:i:1:id:543:p:22-34
  • After Czech voucher privatization many companies simply ignored the interests of their shareholders. The government has since increased the amount of regulation, but they have failed to establish significant investor confidence. This article offers some explanations of why their legal centric approach remains unlikely to create good corporate governance. Mandating that companies maximize shareholder value is easier said than done because it requires government to assess whether companies are making optimal business decisions. In former communist countries especially, government officials are ill suited to make such judgments because they lack the knowledge of how businesses should be properly run. Increased bureaucratic oversight in the Czech Republic has simply burdened markets without any noticeable positive results. This article discusses how good corporate governance can only be a byproduct of markets where managers compete for investors rather than something that can be created by law.
  • regulation, corporate governance, Czech stock market transition, legal centralism
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment