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This paper analyzes the interaction between two political economy decisions by a government: whether to privatize a public firm and what environmental policy to choose (an environmental tax or an emission standard). We find that when market competition is weak the government does not privatize...
Persistent link: https://www.econbiz.de/10012268122
privatization (i.e., IPO) has different effects depending on the types of owners to whom it gives control in corporate governance …
Persistent link: https://www.econbiz.de/10012212672
This study investigates the privatization situation in Indonesia between 1996 and 2020. This study conducts a … comparative analysis to see the impact of privatization on companies' performance and, with regard to the crisis that occurred … profits declined after privatization, but the company's efficiency improved. Otherwise, the debt ratio of state …
Persistent link: https://www.econbiz.de/10014230810
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-oriented issue of why a large number of efficient firms disappeared during mass privatization in a booming economy of Montenegro …. Econometrically, we present the first study to look at firms that disappeared during a mass privatization transition, improving upon … remaining in samples when estimating the effects of privatization or other ownership changes. We also show that one needs to …
Persistent link: https://www.econbiz.de/10010226663
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This paper investigates the relationship between partial privatization and the entry of private firms. The effects of …, if the public firm is partially privatized. Furthermore, the effects of partial privatization on market performance, as … well as the socially optimal degree of privatization, crucially depend on whether the new entrant is a domestic or foreign …
Persistent link: https://www.econbiz.de/10013128048
This paper examines strategic managerial incentive and optimal privatization policy in a mixed duopoly model with a …
Persistent link: https://www.econbiz.de/10013131699