chapter  3
The Czech case
ByVLADIMIR BENACEK
Pages 22

The statistical comparison of new private firms with the old privatized firms in transition has been very difficult because state-owned and ex-state-owned large firms have continued not only to shed labor, but also to shed various activities unrelated to their core businesses. Thus, a small or medium-sized firm may be sometimes a still state-owned or privately owned entity, new only in the sense of the date of its legal establishment. In terms of intra-firm behavior of management or employees it should be classified as an old firm. On this issue, see more in Chapter 2.