how deregulation affects corporate structure. In the benchmark case where the government maximizes privatization proceeds …

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 …

We present evidence of major adjustment efforts in the State sector in Poland well before privatization. Extensive …

performance after privatization in the Czech Republic. We find weak evidence for the presence of managerial incentives: only in … 1997, three to four years after privatization, does poor performance significantly increase the probability of managerial …

reform. A crucial role could be played by intermediaries playing the role of venture capital funds. …

unique dataset from China and exploit that at different times, Chinese provinces introduced policies to attract highly …

The role of government shareholding in corporate performance is central to an understanding of China’s newly privatized …