We employ 19,521 unique firms in 30 transition economies to investigate the relation between the origins of private firms and their financing patterns. In our sample, the private firms are either privatized former state-owned enterprises (SOEs) or ab initio (from the beginning) private firms....

The financial distress of state-owned enterprises (SOEs) has become the main focus of numerous researchers due to the ongoing financial burden on the state and their inability to secure independent funding. The purpose of this study is to investigate the variables that affect the financial...

There is a huge body of literature in the social sciences that deals with the privatization of public enterprises in developed OECD countries after World War II. In the first part of this article, we present and critically examine empirical findings of comparative inquiries on the factors...