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We use administrative registration records with information on the owners of all Chinese firms to document the importance of "connected" investors, defined as state-owned firms or private owners with equity ties with state-owned firms, in the businesses of private owners. We document a hierarchy...
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"This paper studies the cycles of nationalization and privatization in resource-rich economies. We discuss available … evidence on the drivers and consequences of privatization and nationalization, review the existing literature, and present … of the observed cycles of privatization and nationalization, and is consistent with a variety of observed phenomena …
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investigate the demand for the rule of law in post-Communist economies after privatization under the assumption that theft is …
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In 1997, France T‚l‚com, the state-owned French telephone company, went through a partial privatization. The government …
Persistent link: https://www.econbiz.de/10012471078
Many advocates of social security privatization argue that rates of return under a defined contribution individual … riskiness of stock investments. Confusion arises because three distinct reforms are muddled. By privatization we mean creating … about a quarter of all social security contributions, in perpetuity. Unlike privatization, prefunding would raise rates of …
Persistent link: https://www.econbiz.de/10012471082
This paper studies the market provision of a specific type of public good: radio and television broadcasts. Its main focus is to explore the ability of the market to provide broadcasting efficiently in a world in which broadcasters earn revenues by selling time to advertisers and advertisements...
Persistent link: https://www.econbiz.de/10012471263
The privatization of social services is being increasingly discussed. The social services market is characterized by …
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