Ethical climate in the Czech Republic - Case Study
The ethical climate in the Czech Republic has improved since the early days, but we still have a long way to go,
We were shocked into a market economy and our coupon privatization was racked with scandal.
Even the word tunneling,‘ meaning asset stripping, was coined here.
Ethics hangs over the market but so does a lack of transparency,
states Pavel Kraus, analyst for Merta Investment Management.
Many of today’s managers forged their attitudes in the 70s and 80s.
Under communism, secrecy-not transparency-was the watchword.
They just don’t think it’s important to keep investors informed, so how do you know they’re not a bunch of shady managers trying to hide something?
Describe the problems characterized in this case.
What are the likely causes of these problems?
What are consequences of these problems for investors, Czech companies, and the Prague Stock Exchange………..
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