does not receive support in the ownership but the indicator of voucher privatization supports it. The initial conditions … from early 90's were not the driving the financial distress. The voucher-scheme privatization results in poorer corporate …

controls, they were able to purchase stocks with associated ADRs for pesos in Argentina, convert them into ADRs, re-sell them … move their funds abroad), (2) the market anticipated (correctly) a 40% devaluation, (3) local market factors in Argentina …

markets grow mature, giving rise to the need for privatization. Buyers' limited wealth imposes a constraint on how and when … privatization takes place. In particular, ¯rms may be underpriced during privatization, and privatization may take place at a sub … privatization may alleviate the constraint in some cases but exacerbates the e±ciency loss in others. When the government is lesser …

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 depends … consistent with tunneling (looting) by managers or (partial) owners. The effects of privatization are hence much less clear …

quantitative analysis of mass privatization programs in the postcommunist world. We argue that rapid large-scale privatization … implementation of mass privatization programs negatively impacts measures of economic growth, state capacity and the security of …

transition economies. This includes initial conditions, forms of privatization, institutional frameworks and the competitiveness …

We analyze the effect of ownership on post-privatization performance in a virtually complete population of medium and … large firms privatized in a model large-scale privatization economy (Czech Republic). We reject the hypothesis that domestic …

Eastern German privatization and restructuring of firms is seen as a special case because of the peculiarities of … and organization, the extent and the speed of privatization, it had to take into account politico-economic repercussions … privatization is only in a limited way a special case and therefore some lessons can be drawn for other transition countries. …

This paper investigates the role of structural reforms – privatization, financial reform and trade liberalization– as … financial liberalization and privatization. These results are robust to different measures of reforms, split samples, and …