Narrow search
Showing 1 - 10 of 221
Cover Image
Ownership and Corporate Control in Poland: Why State Firms Defied the Odds
Pinto, Brian; van Wijnbergen, Sweder - C.E.P.R. Discussion Papers - 1995
We present evidence of major adjustment efforts in the State sector in Poland well before privatization. Extensive …
Persistent link: https://www.econbiz.de/10005497734
Cover Image
Regional Unemployment and Human Capital in Transition Economies
Jurajda, Stepan; Terrell, Katherine - C.E.P.R. Discussion Papers - 2007
Differences in regional unemployment in post-communist economies are large and persistent. We show that inherited variation in human-capital endowment across the regions of four such economies explains the bulk of regional unemployment variation there and we explore potential explanations for...
Persistent link: https://www.econbiz.de/10005136518
Cover Image
Foreign Direct Investment and Structural Reforms: Evidence from Eastern Europe and Latin America
Campos, Nauro F; Kinoshita, Yuko - C.E.P.R. Discussion Papers - 2008
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 …
Persistent link: https://www.econbiz.de/10005666624
Cover Image
Monitoring Managers: Does it Matter?
Cornelli, Francesca; Kominek, Zbigniew; Ljungqvist, … - C.E.P.R. Discussion Papers - 2009
We test under what circumstances boards discipline managers and whether such interventions improve performance. We exploit exogenous variation due to the staggered adoption of corporate governance laws in formerly Communist countries coupled with detailed ‘hard’ information about the...
Persistent link: https://www.econbiz.de/10008491717
Cover Image
On the Role of Bank Competition for Corporate Finance and Corporate Control in Transition Economies
Schnitzer, Monika - C.E.P.R. Discussion Papers - 1998
Banks play a central role in financing and monitoring firms in transition economies. This study examines how bank competition affects the efficiency of credit allocation; monitoring of firms; and the firms' restructuring effort. In our model, banks compete to finance an investment project with...
Persistent link: https://www.econbiz.de/10005792444
Cover Image
The Structure of Corporate ownership in Privatized Utilities
Trillas, Francesco - C.E.P.R. Discussion Papers - 2002
how deregulation affects corporate structure. In the benchmark case where the government maximizes privatization proceeds …
Persistent link: https://www.econbiz.de/10005123598
Cover Image
The Political Economy of Finance
Pagano, Marco; Volpin, Paolo - C.E.P.R. Discussion Papers - 2002
The regulations that shape the design and the operations of corporations, credit and securities markets differ vastly from country to country. In addition, similar regulations are often unequally enforced in different countries. Economists still have an imperfect understanding of why these...
Persistent link: https://www.econbiz.de/10005124338
Cover Image
After Voucher Privatization: The Structure of Corporate Ownership in Russian Manufacturing Industry
Earle, John S; Estrin, Saul - C.E.P.R. Discussion Papers - 1997
This paper analyses the ownership structure emerging from the Russian privatization process, using information from a … privatization methods for ownership structure, on the incidence of non-voting and voting shares, and on the extent of concentration …) estimates, suggesting that the privatization process may have contained a negative selection bias with respect to ownership by …
Persistent link: https://www.econbiz.de/10005136416
Cover Image
Fire the Manager to Improve Performance? Managerial Turnover and Incentives After Privatization in the Czech Republic
Fidrmuc, Jan; Fidrmuc, Jana - C.E.P.R. Discussion Papers - 2004
performance after privatization in the Czech Republic. We find weak evidence for the presence of managerial incentives: only in … 1997, three to four years after privatization, does poor performance significantly increase the probability of managerial …
Persistent link: https://www.econbiz.de/10005792419
Cover Image
Defensive and Strategic Restructuring in Central European Enterprises
Grosfeld, Irena; Roland, Gérard - C.E.P.R. Discussion Papers - 1995
This paper interprets the existing evidence on enterprise restructuring in Poland, Hungary and the Czech Republic …
Persistent link: https://www.econbiz.de/10005662184