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Managing the Czech Joint-Stock Companies – Failure of Economic Transformation

Abstract

The aim of this paper is to analyse whether legal rules, set up during the first years of the economic transition, could stimulate behaviour of economic subjects so that it would lead to desired results in macroeconomic benchmarks. This problem is solved using a case of joint-stock companies management (i.e. both ways and possibilities of their administration) in the Czech Republic during the 1990s

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