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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 … ownership concentration by four effects – incentive, manager-entrenchment, outsider-entrenchment and tunneling effects. This …
Persistent link: https://www.econbiz.de/10005077013
-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
This paper presents some stylised facts about the book-tax gap, i.e. the difference between book and taxable income, of Italian corporations. This divergence is a reflection of the usage of any tax shields and any applicable credits and rebates which, in turn, implies that the concept of taxable...
Persistent link: https://www.econbiz.de/10005125996
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
consistent with tunneling (looting) by managers or (partial) owners. The effects of privatization are hence much less clear …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 …
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
This paper examines the growth pattern followed by the Chilean economy with reference to the macroeconomic reforms undertaken during the Pinochet regime, which were largely maintained by successive democratic administrations and partially reproduced by neighbouring countries. The focus is on the...
Persistent link: https://www.econbiz.de/10005126348
. Privatization is in this modern era of market domination/new economy very much the buzzword. The perceived benefits of privatization … regarded as a public monopoly. Traditional theory tells us that privatization of a public monopoly neither ends the monopoly … and governments with poor human rights records. I will in this paper argue for the immediate and full privatization of …
Persistent link: https://www.econbiz.de/10005134993