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The Development of Equity Capital Markets in Transition Economies Privatisation and Shareholder Rights

This book addresses two different but related topics that can arise during the development of equity capital markets and which could possibly hinder their development: partial privatisation and shareholder rights. Both issues are developed in the context of transition economies in general and Russia...

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Bibliographic Details
Main Author: Willer, Dirk
Format: eBook
Language:English
Published: Heidelberg Physica 1999, 1999
Edition:1st ed. 1999
Series:Contributions to Economics
Subjects:
Economic Policy
Finance
Development Economics
Financial Economics
Online Access:
Collection: Springer Book Archives -2004 - Collection details see MPG.ReNa
Table of Contents:
  • 1. Introduction
  • 1.1 Partial Privatisation
  • 1.2 Corporate Governance
  • 1.3 The Structure of the Book
  • 2. Why is Privatisation of Residual State-Owned Stakes Delayed?
  • 2.1 Introduction
  • 2.2 The Model
  • 2.3 Separating and Pooling Equilibria
  • 2.4 Social Welfare
  • 2.5 Conclusion
  • 2.6 Appendix A
  • 2.7 Appendix B
  • 3. Shareholder Rights in Russia: An Empirical Investigation.
  • 3.1 Introduction
  • 3.2 Which Firms Honour Shareholder Rights? A Simple Framework
  • 3.3 The Data
  • 3.4 Testing the Hypotheses
  • 3.5 Conclusion
  • 3.6 Appendix
  • 4. Corporate Governance without State Guaranteed Shareholder Rights
  • 4.1 Introduction
  • 4.2 The Two Period Model
  • 4.3 The Three Period Game
  • 4.4 Social Welfare
  • 4.5 Conclusion
  • 4.6 Appendix A
  • 4.7 Appendix B
  • List of Figures
  • List of Tables

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