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The note documents and discusses the modalities and consequences of the phenomenon of siphoning profits of state enterprises for private uses by state enteprise managers and insiders in Bulgaria during the period of early transition.
Persistent link: https://www.econbiz.de/10005076580
Persistent link: https://www.econbiz.de/10005076897
manufacturing sector after privatization. It starts with the argumentation that the most important actors in the post-privatization … ownership structure in the Czech Republic were investment privatization funds, followed by the state, and that the ‘rules of the … leads to the hypothesis that the concentration-restructuring function in the post- privatization Czech environment is …
Persistent link: https://www.econbiz.de/10005077013
We use new firm-level data to examine the effects of spinoffs and privatization on corporate performance in a rapidly … spinoffs increase the firm’s profitability but do not alter its scale of operations, while the effect of privatization … consistent with tunneling (looting) by managers or (partial) owners. The effects of privatization are hence much less clear …
Persistent link: https://www.econbiz.de/10005077066
In this paper we look at the specific features of the delayed privatization in Kosovo, emphasising in particular two … privatization in the early 1990s in a limited number of SOEs in the Gjakova region based on a survey of these enterprises, and iii …) the critical assessment of the privatization proposals and the challenges in continuing the ongoing privatization process …
Persistent link: https://www.econbiz.de/10005124985
concentration and bidding competition decrease in the privatized sector may have outweighed eventual gains coming from privatization …. On the other hand, the threat that privatization may represent for public unit managers may have stimulated them to … recent privatization are associated with lower costs. Instead, old privatization is not associated with lower costs. …
Persistent link: https://www.econbiz.de/10005125882
-scale privatization economy. Using specifications based on first-differences and unique instrumental variables, we find that few types of … private ownership improve dynamic post-privatization performance. Concentrated foreign (but not domestic) ownership improves …
Persistent link: https://www.econbiz.de/10005135012
and privatization policies. This paper outlines a combination of policies believed to be necessary, if not sufficient to …
Persistent link: https://www.econbiz.de/10005062463
Former Soviet Union (FSU). The literature on privatization and performance has been largely inconclusive, especially now that …
Persistent link: https://www.econbiz.de/10005407689
The privatization of agriculture in Azerbaijan started in the mid 1990s, while the pace of privatization in the country … losers of privatization. The results further show that wheat production cannot compete with other annual crops like tobacco …
Persistent link: https://www.econbiz.de/10005407696