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This paper evaluates the performance of Italian local public enterprises (LPEs) with respect to their private sector counterparts. We address the following questions: i) do LPEs perform worse than (comparable) private firms?; ii) does the performance gap depend on the ownership structure (the...
Persistent link: https://www.econbiz.de/10012941994
output of state-owned enterprises shows a declining trend. Over the past decade, on one hand, the operational efficiency of …-owned enterprises that once hindered China’s economic development has not yet been fundamentally solved, and the task of deepening state …-owned enterprises reform is still arduous. Findings In the process of establishing China's modern economic system, there will be some …
Persistent link: https://www.econbiz.de/10012236360
. Profitability and efficiency decline in the five years after privatization. Sales grow, capital investment improves, and debt levels … fall after privatization. We argue that the privatizations have been unsuccessful (in terms of profitability and efficiency …About twenty years ago, China set about reforming its moribund economy by introducing certain elements of free market …
Persistent link: https://www.econbiz.de/10014106570
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Persistent link: https://www.econbiz.de/10011993539
aspects of privatization, that has emphasized the potential efficiency gains. Hence, we provide some theoretical reasoning why …The issues of privatization (and sometimes deregulation) have been reviewed in a large literature on the various … privatization is useful as well as profitable for an economy and empirically present the extent of privatization in Austria and …
Persistent link: https://www.econbiz.de/10009748284
Our research tests the difference in investment efficiency between state-owned enterprises (SOEs) and private firms and … then evaluates the effect of privatisation and equitisation policies on the investment efficiency of former state owned …
Persistent link: https://www.econbiz.de/10010499591
The current paper analyzes the impacts of privatization of Sudan air carrier, Sudan Airways. The hypothetical framework … in this study is that alternative policies other than privatization are feasible. Sudan airways represents the …. Experience shows that privatization needs large amount of capital plus qualified managerial, technical, financial and marketing …
Persistent link: https://www.econbiz.de/10013130174
In this paper, we investigate the innovative efficiency of SOEs in China. Innovative efficiency refers to output of … efficient than nonSOEs and majority SOEs. The relative innovative efficiency of minority SOEs is more pronounced amongst firms …
Persistent link: https://www.econbiz.de/10012835354
.S., Europe, and China, is consistent with this view, that reductions in state ownership are associated with an increase in patent … counts. In this paper, we investigate the innovative efficiency of Chinese SOEs. Innovative efficiency refers to output of …, are substantially more innovatively efficient than non-SOEs. The relative innovative efficiency of SOEs is more pronounced …
Persistent link: https://www.econbiz.de/10012935251