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How Important is Ownership in a Market with Level Playing Field? The Indian Banking Sector Revisited

Bhaumik, Sumon Kumar; Dimova, Ralitza - William Davidson Institute, University of Michigan - 2003

It has long been argued that private ownership of firms leads to better firm performance. However, theory as well as empirical evidence suggest that factors like agency problems may not allow privately owned firms to operate more efficiently or perform better that state owned firms. At the same...

Persistent link: https://www.econbiz.de/10005677497

Social Costs of Mass Privatization

Stuckler, David; King, Lawrence P. - William Davidson Institute, University of Michigan - 2007

According to leading economic theorists, creating capitalism out of communism requires rapid privatization. In this … article we empirically test the welfare implications of privatization policies in Post-Soviet countries by using cross …-national panel mortality data as an indicator of social costs. We find that rapid privatization – whether measured by a novel measure …

Persistent link: https://www.econbiz.de/10005677434

Post-Privatization Enterprise Restructuring

Bornstein, Morris - William Davidson Institute, University of Michigan - 2000

Post-privatization restructuring of former state-owned enterprises (FSOEs) encompasses both shorter-run "defensive …

Persistent link: https://www.econbiz.de/10005677509

The Effect of Ownership and Competitive Pressure on Firm Performance in Transition Countries: Micro Evidence from Bulgaria, Romania and Poland

Angelucci, Manuela; Estrin, Saul; Konings, Jozef; … - William Davidson Institute, University of Michigan - 2002

This paper uses a unique representative firm level data set to analyse the effect of domestic and international competitive pressure and ownership changes in three emerging economies, Bulgaria Poland and Romania. Our main findings can be summarized as follows: Domestic competitive pressure,...

Persistent link: https://www.econbiz.de/10005677517

THE EFFECTS OF PRIVATIZATION AND INTERNATIONAL COMPETITIVE PRESSURE ON FIRMS’ PRICE-COST MARGINS: MICRO EVIDENCE FROM EMERGING ECONOMIES1

Konings, Jozef; Cayseele, Patrick Van; Warzynski, Frederic - William Davidson Institute, University of Michigan - 2003

estimate price-cost margins and to analyze how these are affected by privatization and increased competitive pressure. The … estimating firm performance, by making use of the properties of the primal and dual Solow residual. We find that privatization is … domestic privatized firms. Our results suggest that the sequencing of reforms, such as demonopolization prior to privatization …

Persistent link: https://www.econbiz.de/10005677637

Competition and Enterprise Performance in Transition Economies: Evidence from a Cross-country Survey

Carlin, Wendy; Fries, Steven; Schaffer, Mark; … - William Davidson Institute, University of Michigan - 2001

This paper uses a survey of 3,300 firms in 25 transition countries to shed light on the factors that influence restructuring by firms and their subsequent performance as measured by growth in sales and in sales per employee over a three-year period. We begin by surveying what a decade of...

Persistent link: https://www.econbiz.de/10005677645

Was Privatization in Eastern Germany a Special Case? Some Lessons from the Treuhand

Siegmund, Uwe - William Davidson Institute, University of Michigan - 1997

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. …

Persistent link: https://www.econbiz.de/10005784716

International Coercion, Emulation and Policy Diffusion: Market-Oriented Infrastructure Reforms, 1977-1999

Henisz, Witold J.; Zelner, Bennet A.; Guillen, Mauro F. - William Davidson Institute, University of Michigan - 2004

Why do some countries adopt market-oriented reforms such as deregulation, privatization and liberalization of …

Persistent link: https://www.econbiz.de/10005784793

INTEREST GROUPS, VETO POINTS AND ELECTRICITY INFRASTRUCTURE DEPLOYMENT

Henisz, Witold J.; Zelner, Bennet A. - William Davidson Institute, University of Michigan - 2004

In this paper we examine the effects of interest group pressure and the structure of political institutions on infrastructure deployment by state-owned electric utilities in a panel of 78 countries during the period 1970 – 1994. We consider two factors that jointly influence the rate of...

Persistent link: https://www.econbiz.de/10005784611

STRUCTURAL REFORM AND FIRM PROFITABILITY IN DEVELOPING COUNTRIES

CUERVO-CAZURRA, Alvaro; DAU, Luis Alfonso - William Davidson Institute, University of Michigan - 2008

We extend agency theory to propose that structural reform positively impacts firm profitability in developing countries because the improvements in external monitoring that accompany structural reform decrease the agency costs faced by firms. However, we also argue that not all firms benefit...

Persistent link: https://www.econbiz.de/10008528995