Showing 1 - 10 of 94
This paper analyses the ownership structure emerging from the Russian privatization process, using information from a … privatization methods for ownership structure, on the incidence of non-voting and voting shares, and on the extent of concentration …) estimates, suggesting that the privatization process may have contained a negative selection bias with respect to ownership by …
Persistent link: https://www.econbiz.de/10005136416
distinguishes two aspects of privatization interacting with market opening: privatization of a firm and privatization of its …
Persistent link: https://www.econbiz.de/10005114270
The 'big-bang' liberalization of the inefficient Russian economy in 1992 provides a fruitful setting for analysing the impact of several dimensions of market competition and other factors on enterprise efficiency. We analyse 1992-1998 panel data on 14,961 enterprises covering 75 percent of...
Persistent link: https://www.econbiz.de/10005661595
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
This paper offers a unique quantitative evaluation of the distribution of the welfare of a water privatization … intermediate suppliers and investors have also clearly benefited during the short privatization duration. However the paper also …
Persistent link: https://www.econbiz.de/10009399719
examines the impact of the privatization of kibbutzim on fertility behavior among members. We find that fertility declined by 6 …-15 percent following the shift to privatization. In light of the massive change in financial costs associated with childbearing … due to privatization, our results suggest that financial considerations may be a more modest factor in fertility decisions …
Persistent link: https://www.econbiz.de/10009367434
how deregulation affects corporate structure. In the benchmark case where the government maximizes privatization proceeds …
Persistent link: https://www.econbiz.de/10005123598
The transition in East Germany has been characterized by an extremely rapid privatization of state-owned enterprises …-unification level. This paper argues that the government imposed an inconsistent policy toward employment on the privatization agency …, the Treuhand. Although required to take account of the shadow price of labour in the privatization negotiations (where …
Persistent link: https://www.econbiz.de/10005123788
This paper begins from the twin observation that on the one hand, privatization which leaves control in the hands of … restructuring even in the absence of a clear prospect of privatization. It situates enterprise restructuring at the heart of the …
Persistent link: https://www.econbiz.de/10005123917
We discuss the relative merits of public and private ownership. Our starting point is the analysis of Hart, Schleifer and Vishny (HSV), who apply an incomplete contract framework to study the difference between private and public ownership. Our analysis departs from HSV’s model in two aspects....
Persistent link: https://www.econbiz.de/10005124030