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Che, Jiahua - William Davidson Institute, University of Michigan - 2003

Government ownership may dominate private ownership under government failure. Such dom- inance disappears as product 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...

Persistent link: https://www.econbiz.de/10005784601

Spinoffs, Privatization and Corporate Performance in Emerging Markets

Hanousek, Jan; Kocenda, Evzen; Svejnar, Jan - William Davidson Institute, University of Michigan - 2004

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 …

Persistent link: https://www.econbiz.de/10005784623

Resolution, Recovery and Survival: The Evolution of Payment Disputes in Post-Socialist Europe

Pyle, William - William Davidson Institute, University of Michigan - 2005

post-socialist countries to explain behavioral responses to an inter-firm payment dispute. Particular attention is given to …

Persistent link: https://www.econbiz.de/10005677532

Assessing Mondragon: Stability & Managed Change in the Face of Globalization

Arando, Saioa; Freundlich, Fred; Gago, Monica; Jones, … - William Davidson Institute, University of Michigan - 2010

By drawing on new interview evidence gathered during several field trips and new financial and economic data from both external and internal sources, we document and assess the changing economic importance and performance of the Mondragon group of cooperatives as well as the two largest sectors...

Persistent link: https://www.econbiz.de/10009001050

The Effects of Ownership Forms and Concentration on Firm Performance after Large-Scale Privatization

Svejnar, Jan; Kocenda, Evzen - William Davidson Institute, University of Michigan - 2002

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 or foreign private ownership, in either moderate or...

Persistent link: https://www.econbiz.de/10005784695

A Multi-Task Theory of the State Enterprise Reform

Bai, Chong-En; Li, David D.; Tao, Zhigang; Wang, Yijiang - William Davidson Institute, University of Michigan - 2001

During transition, maintaining employment and providing a social safety net to the unemployed are important to social stability, which in turn is crucial for the productivity of the whole economy. Because independent institutions for social safety are lacking and firms with strong profit...

Persistent link: https://www.econbiz.de/10005784743

Structural Reform and Firm Exports

Cuervo-Cazurra, Alvaro; Dau, Luis Alfonso - William Davidson Institute, University of Michigan - 2008

We analyze the impact of structural reform on firm exports. We argue that structural reform generates new opportunities … state-owned firms. The paper contributes to a better understanding of how changes in institutions affect firm behavior by … explaining the mechanisms that link structural reform to firm exports and how these vary across firms. Moreover, it counters the …

Persistent link: https://www.econbiz.de/10008529030

Regional Determinants of FDI Distribution in Poland

Chidlow, Agnieszka; Young, Stephen - William Davidson Institute, University of Michigan - 2008

In this paper we examine the location determinants of the inflow of Foreign Direct Investment (FDI) into Poland, at a regional level. Using survey data from an online questionnaire in February 2005 and a multinomial logit model incorporating the investor’s specific characteristics, we show...

Persistent link: https://www.econbiz.de/10008529039

Distance to the Efficiency Frontier and FDI Spillovers

Peter, Klara Sabirianova; Svejnar, Jan; Terrell, Katherine - William Davidson Institute, University of Michigan - 2004

We establish that domestically owned firms in two alternative models of emerging market economies, the Czech Republic and Russia, have not been converging to the technological frontier set by foreign owned firms. In both countries, the distance of domestic firms to the frontier grew (in all...

Persistent link: https://www.econbiz.de/10005652515

Ownership, Control and Corporate Performance After Large-Scale Privatization

Hanousek, Jan; Evžen Ko?enda; Svejnar, Jan - William Davidson Institute, University of Michigan - 2004

We analyze the effects of ownership type and concentration on performance of a population of firms in a model large-scale privatization economy (Czech Republic). Using specifications based on first-differences and unique instrumental variables, we find that few types of private ownership improve...

Persistent link: https://www.econbiz.de/10005652527