Chapter

Russia and Eastern Europe

Kathryn C. Lavelle

in The Politics of Equity Finance in Emerging Markets

Published in print November 2004 | ISBN: 9780195174090
Published online April 2005 | e-ISBN: 9780199835287 | DOI: http://dx.doi.org/10.1093/0195174097.003.0008
 Russia and Eastern Europe

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This chapter considers former Soviet bloc examples, three of which overtly modeled their securities market institutions on Anglo-American practice. These country examples contain cases of Ibusz, Cherkizovsky Group, and Harvard Capital that came from the Hungarian case-by-case program, the Russian mass-privatization program, and the Czech voucher program, respectively. In addition, it considers the Polish system, which emulated the German-Japanese example. The company case of Szczecin Shipyard in Poland also demonstrates that as large firms have sought to forge keiretsu-style conglomerates and failed, the state has re-entered their management.

Keywords: Russia; East Europe; Hungary; Russia; Czech Republic; Poland; Ibusz; Cherkizovsky Group; Harvard Capital; Szczecin Shipyard

Chapter.  10573 words. 

Subjects: Economic Development and Growth

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