within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … investors, and are more likely to remain in business even 20 years after leaving public ownership. The privatization agency …

lackluster economic performance? This paper points to the rushed privatization of East European economies as one plausible driver …

workers forgo profits by submitting to their tastes. In a competitive market their firms lack efficiency and are therefore …

taken place since the early 2000s are driven more by profitability considerations and private entrepreneurship than by …

about the pass-through of monetary policy. On the one hand, negative rates could lead to declining bank profitability making …

We examine the profitability of cross-ownership in an oligopolistic industry where firms compete as Cournot rivals. We … over to the case of non-renewable resource industries. The profitability of a symmetric cross-ownership can be positive …

optimal dynamic control problem is characterized by two stochastic state variables: the equity value, and profitability (ROA …) of the _rm. According to the empirical evidence, we let profitability follow a mean reverting process. The problem is …

correlation between the home country tax rate of a parent and the net of tax profitability of its German affiliate that is … increase in the profitability of the German affiliate. On the outbound side of German FDI, the data provides some evidence that … tax rate changes in the host country lead to a stronger change in after-tax profitability for affiliates that are wholly …