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systematic performance and efficiency differentials between National Oil Companies (NOCs) and privately-owned International Oil …This paper investigates the existence of ownership effects in the global oil and gas industry, i.e. whether there are … an indication of firm efficiency. Because NOCs also significantly underperform the private sector in terms of output …
Persistent link: https://www.econbiz.de/10014217790
performance and efficiency. Over the seven-year period around the initial privatisation offering, return on sales increases by 3 …This study empirically investigates the impact of privatisation on firm performance in the global oil and gas industry … performance improvements are already realised in anticipation of the initial privatisation date, accrue over time, and level off …
Persistent link: https://www.econbiz.de/10005647358
. For example, both locally and foreign owned entities are very deferent in efficiency when grouped on export intensity and …
Persistent link: https://www.econbiz.de/10011644010
We analyze the effect of ownership on post-privatization performance in a virtually complete population of medium and …, private ownership tends to be associated with superior performance in terms of some indicators but not others, and dispersed … ownership results in better or equal performance than more concentrated forms of ownership. …
Persistent link: https://www.econbiz.de/10005784695
We analyze the effects of different types and concentration of ownership on performance using a population of firms in … and many types of private owners do not generate performance that is different from that of firms with state ownership … findings of positive effects of privatization on performance were premature, with the effects of many types of ownership being …
Persistent link: https://www.econbiz.de/10005178145
We analyze the effects of ownership type and concentration on performance of a population of firms in a model large … that few types of private ownership improve dynamic post-privatization performance. Concentrated foreign (but not domestic …) ownership improves some measures of performance relative to state ownership. Foreign investors engage in strategic restructuring …
Persistent link: https://www.econbiz.de/10005652527
We analyze the effect of ownership on post-privatization performance in a virtually complete population of medium and … ownership improves economic performance, but domestic private ownership does not, relative to state ownership. Foreign firms … increasing profit. Ownership concentration is associated with superior performance, thus providing support to the agency theory …
Persistent link: https://www.econbiz.de/10005652658
Economic development implies that the efficiency of firms in developing countries is approaching that of firms in … privatization, competition and foreign investment. We also test hypotheses positing that only firms near the efficiency frontier … find that privatization to domestic owners did not markedly improve the efficiency of firms; domestic firms are not …
Persistent link: https://www.econbiz.de/10010271756
Economic development implies that the efficiency of firms in developing countries is approaching that of firms in … privatization, competition and foreign investment. We also test hypotheses positing that only firms near the efficiency frontier … find that privatization to domestic owners did not markedly improve the efficiency of firms; domestic firms are not …
Persistent link: https://www.econbiz.de/10005677460
. For example, both locally and foreign owned entities are very deferent in efficiency when grouped on export intensity and …
Persistent link: https://www.econbiz.de/10011787191