Economic development implies that the efficiency of firms in developing countries is approaching that of firms in … privatization, competition and foreign investment. We also test hypotheses positing that only firms near the efficiency frontier … find that privatization to domestic owners did not markedly improve the efficiency of firms; domestic firms are not …

effective means of transferring surplus, although this may entail some efficiency loss. The efficiency and organizational … ownership throughout the economy. …

In a study of the ownership of German corporations, we find a strong relation between board turnover and corporate … performance, little association between concentrations of ownership with managerial disciplining and only limited evidence that … pyramid structures can be used for control purposes. The static relation of ownership to control in Germany is therefore …

ownership-legal form categories of firms. By using a large panel of quarterly observations, we eliminate biases introduced by …

The relation between IMF conditionality and country ownership of assistance programs is considered from a political … conditionality and ownership. The Paper stresses a conflict between a reformist government and domestic interest groups that oppose … reform, leading to a distinction between government and country ownership of a program. A model of lending and policy reform …

This Paper analyses the effects of ownership structure on corporate environmental performance and examines the link … from financial performance to environmental performance in a transition economy. In particular, it analyses these ownership … ownership and various types of private ownership, while contrasting concentrated and diffuse forms of private ownership …

corporations. We investigate this question by tracing the ownership and board composition of firms incorporated in around 1900 over … the subsequent 100 years, and comparing the pattern of ownership and control with a sample incorporated around 1960. We … outside equity finance, and there was rapid dispersion of ownership even in the absence of investor protection. The …

and persistence of the separation of ownership from control in modern corporations: efficiency in the market for corporate … trading of ownership and control in a private information setting. The model provides a novel explanation for the prevalence … control is more easily achieved when ownership is not concentrated in the hands of the manager. The central reason is that low …