contrast to claims made by some researchers, state ownership may influence economic efficiency as well as exercise several …The objective in this paper is to improve the existing evidence regarding the role ownership plays in economic … efficiency. It is pursued through enhancements in modeling, estimation techniques, and experimental design. With respect to …

We analyze the effects of ownership type and concentration on performance of a population of firms in a model large … private ownership improve dynamic post-privatization performance. Concentrated foreign (but not domestic) ownership improves … some measures of performance relative to state ownership. Foreign investors engage in strategic restructuring by increasing …

, this paper explores the relationship between firm performance and ownership in Central and Eastern Europe (CEE) and the …

models of investment and test if investment behavior varies across categories of ownership and with the legal status of firms … ownership-legal form categories of firms. Retained profit is found to be a major determinant of new investment and the estimate … owned-limited liability companies and foreign owned and mixed ownership firms. These results are consistent with the …

discrimination ensures efficient output decisions given product characteristics, coordination failures may prevent efficiency in the …

The efficiency of speculative markets, as represented by Fama's 1970 fair game model, is tested on weekly price index … efficiency of nervous systems. In particular, the stationarity and independence of the price innovations are tested over ten … stock market efficiency is: Singapore, Thailand, Indonesia, Malaysia, Hong Kong and Taiwan. Singapore's stock market pricing …