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The for-profit hospital is in the minority numerically in all developed countries. Although the for-profits' market share has been quite stable for decades, for-profit chains have grown in share and influence in the United States. By contrast, for-profit chains have made few inroads in other...
Persistent link: https://www.econbiz.de/10014024184
In this paper, we discuss the choice for build-operate-and-transfer (BOT) concessions when governments and managers do not share the same information regarding the operation characteristics of a facility. We show that larger shadow costs of public funds and larger information asymmetries entice...
Persistent link: https://www.econbiz.de/10008921773
This paper provides an overview of the results of a project that evaluates the distributive impact of privatization in … four Latin America countries. The aim of the project was to estimate the effects of privatization on customers and workers … concerning the privatization process and data sources used for each specific country. All four countries have undergone …
Persistent link: https://www.econbiz.de/10009021300
service, the privatization of the telecommunications industry in Peru led to price changes that had an impact on consumer … welfare and that may be correlated with the negative public opinion of the privatization process. …
Persistent link: https://www.econbiz.de/10009021350
privatization on airport charges in a panel data setting where fixed effects can be employed to mitigate endogeneity concerns. Our …
Persistent link: https://www.econbiz.de/10009351519
In this paper, we discuss the choice for build–operate-and-transfer (BOT) concessions when governments and firm managers do not share the same information regarding the operation characteristics of a facility. We show that larger shadow costs of public funds and larger information asymmetries...
Persistent link: https://www.econbiz.de/10010664298
Using a unique database of 381 newly privatized firms from 57 countries, we investigate the impact of shareholders' identity on corporate risk-taking behavior. We find strong and robust evidence that state (foreign) ownership is negatively (positively) related to corporate risk-taking. Moreover,...
Persistent link: https://www.econbiz.de/10010665548
In contrast to earlier literature, this paper finds empirical evidence that privatization has deteriorated fiscal … privatization, as it appears that tax revenue in many transition countries remained lackluster even after the adoption of several … privatization has affected tax revenues. Using panel data for 29 Eastern European and former Soviet Union countries, the analysis …
Persistent link: https://www.econbiz.de/10010665611
property rights and contracting rights protections contribute to stronger post-privatization performance. Second, we ask … public. We find an insignificant effect of privatization in ordinary least squares estimates and a negative short-term effect … after correcting for endogeneity of privatization decisions that disappears in the long run, consistent with recently …
Persistent link: https://www.econbiz.de/10010666256
consider privatization, deregulation in network-based services, and the cutback of subsidies. Though the empirical analysis … beta convergence indicates convergence only for privatization (measured by public employment) and for subsidization …
Persistent link: https://www.econbiz.de/10010719643