1995 Fiscal Year Final Research Report Summary
A Comparative Study of Commercial Banks Privatization in Central Eastern Europe
| Project/Area Number |
06630039
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| Research Category |
Grant-in-Aid for General Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Research Field |
経済政策(含経済事情)
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| Research Institution | Nanzan University |
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Principal Investigator |
IEMOTO Hiroichi Faculty of Economics, Nanzan University, Professor, 経済学部, 教授 (20148290)
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| Project Period (FY) |
1994 – 1995
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| Keywords | privatization / restructuring / mass privatization / individual privatization / commercial bank / introduction of foreign capital |
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| Research Abstract |
In this research, I made clear the following three points by comparative studies of commercial banks privatization processes in Central Eastern Europe (Poland, Hungary and the Czech Republic). First, only in Poland, the capital privatization (indirect privatization) was divided into the two: individual and mass privatizations. Second, in Poland and Hungary, there is a fundamental orientation which aims at managerial and manufacturing restructurings through sold-out of shares to foreign financial organs and corporations. This results from a strong intention of EU accession in these three countries. Third, also in Hungary and Poland, commercial banks and state-owned manufacturing joint companies desires radical changes of structures and managements by activating external pressures to achieve the EU standards.
In late 1990s, in Hungary and Poland, there was a clear orientation in privatizations to make use of direct foreign investment in the three. This is a useful point of view to investigate the prospectives of the other privatization processes.
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