We analyze the extent of the integrated control of the state over privatized firms during the post-privatization decade (1995–2005) in the Czech Republic. During this period the integrated control potential of the state resembled a corporate pyramid. While pyramidal control was not fully...

This paper discusses the privatisation process in the Czech Republic and its influence on corporate governance. While in 1989 the private sector totalled less than 1 per cent of the GDP, at the end of 1996 more than 70 per cent of the GDP was produced by the private sector. Large‐scale...