Изграждане на капиталов пазар в условията на преход: примерът на България

Miller, Jeffrey and Petranov, Stefan (1998): Изграждане на капиталов пазар в условията на преход: примерът на България. Published in:

Abstract

A mass privatization program has been developed and executed in Bulgaria during the period 1995-1998. The study examines the creation of the institutions needed to ensure an effective capital market and mechanisms for stockholder control over the direction of the private enterprises which have appeared as a result of the program.

• Item Type: MPRA Paper
• English Title: Building a capital market under the conditions of transition: the case of Bulgaria
• Language: Bulgarian
• Keywords: Bulgaria, mass privatization program, capital market, corporate governance, stockholder control
• Subjects: G - Financial Economics > G2 - Financial Institutions and Services > G23 - Non-bank Financial Institutions ; Financial Instruments ; Institutional Investors; G - Financial Economics > G3 - Corporate Finance and Governance; G - Financial Economics > G3 - Corporate Finance and Governance > G38 - Government Policy and Regulation

References

Andrews, E., Capitalism with a Vengeance, New York Times, Section 3, October 5, 1997.

Blasi, Joseph R., Corporate Governance in Russia, in: Roman Frydman, Cheryl Grey, and Andrzej Rapaczinski (editors), Corporate Governance in Central Europe and Russia, Central European University Press, Budapest, 1996.

Dittus, P., Why East European Banks Don't Want Equity, European Economic Review, XL, 1996.

Frydman, R., Katharina Pistor, Andrzej Rapaczinski, Exit and Voice after Mass Privatization: The Case of Russia, European Economic Review, XL, 1996.

Hart, O., Firms, Contracts and Financial Structure, Oxford University Press, New York, 1996.

Hay, J., A. Shleifer, R. Vishney, Toward a Theory of Legal Reform, European Economic Review, XL, 1996.

La Porta, R., F. Lopez-de-Silanes, A. Shleifer, R. Vishney, Law and Finance, Journal of Political Economy, 1998.

McLindon, M., Privatization and Capital Market Development: Strategies to Promote Economic Growth, West Port Conn, Praeger, 1996.

Shleifer, A., R. Vishney, A Survey of Corporate Governance, The Journal of Finance, LII, No 2, 1997.

Williamson, O., Markets and Hierarchies: Analysis and Antitrust Implications, New York, Free Press, 1975.