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This paper analyzes the relationship of ownership concentration and firm performance in the context of different institutional environments in 28 Central and Eastern European transition economies. Using the BEEPS data for the period from 2002 to 2009 we find an inverted u-shaped relation of...
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We provide the first test of the Hoff and Stiglitz (2004) model predicting whether and under what conditions mass privatizations are accompanied by asset stripping. In addition to directly testing the theory, we also tackle an important policy-oriented issue of why a large number of efficient...
Persistent link: https://www.econbiz.de/10013071449
We provide the first test of the Hoff and Stiglitz (2004) model predicting whether and under what conditions mass privatizations are accompanied by asset stripping. In addition to directly testing the theory, we also tackle an important policy-oriented issue of why a large number of efficient...
Persistent link: https://www.econbiz.de/10014151094
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, wie sich die Politik als Rechtsstaat konstitutionalisiert. In Anlehnung an die Arbeiten von William Baumol wird das …
Persistent link: https://www.econbiz.de/10011785974
This paper adopts a structural framework to study the process of indigenous innovation and its impact on firm … performance in the People's Republic of China (PRC). Informing the analysis is an unusually rich source of panel data comprising … almost 70,000 private Chinese firms operating in the PRC from 2004 to 2007. Relying on a structural innovation framework, the …
Persistent link: https://www.econbiz.de/10011796963