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The big sell : privatizing East Germany's economy
Mergele, Lukas; Hennicke, Moritz; Lubczyk, Moritz - 2020
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 …
Persistent link: https://www.econbiz.de/10012287328
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Privatizations spark socialist backlash : evidence from East Germany's transformation
Hager, Anselm; Hennicke, Moritz; Krause, Werner; … - 2022
lackluster economic performance? This paper points to the rushed privatization of East European economies as one plausible driver …
Persistent link: https://www.econbiz.de/10013418954
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Committing to grow : privatizations and firm dynamics in East Germany
Akcigit, Ufuk; Alp, Harun; Diegmann, André; … - 2023
investigates a unique policy designed to maintain employment during the privatization of East German firms after the fall of the …
Persistent link: https://www.econbiz.de/10014340125
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The impact of delay : evidence from formal out-of-court restructuring
Srhoj, Stjepan; Kovač, Dejan; Shapiro, Jacob N.; … - 2021
Bankruptcy restructuring procedures are used in most legal systems to decide the fate of businesses facing financial hardship. We study how bargaining failures in such procedures impact the economic performance of participating firms in the context of Croatia, which introduced a "pre-bankruptcy...
Persistent link: https://www.econbiz.de/10012603137
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How to sell a (bankrupt) company
Cornelli, Francesca; Felli, Leonardo - 2000
The restructuring of a bankrupt company often entails the sale of such company. This paper suggests a way to sell the company that maximizes the creditors' proceeds. The key to this proposal is the option left to the creditors to retain a fraction of the shares of the company. Indeed, by...
Persistent link: https://www.econbiz.de/10009781568
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The funds concentration effect and discriminatory bailout
Erlenmaier, Ulrich; Gersbach, Hans - 2001
In the presence of macroeconomic shocks severe enough to threaten the liquidity or solvency of the banking system, the regulator can rely on the funds concentration effect to save long-term investment projects. Some banks are forced into bankruptcy with the result that other banks obtain more...
Persistent link: https://www.econbiz.de/10011400865
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Privatization in Italy 1993-2002 : goals, institutions, outcomes, and outstanding issues
Goldstein, Andrea - 2003
This paper describes the privatization program in Italy during the 1990s and puts that policy in the context of … attempts at privatization of the 1980s, delaying until 1992 the start of largescale privatizations. These were imposed on … analysis of the consequences of privatization on corporate governance show that, notwithstanding considerable changes in the …
Persistent link: https://www.econbiz.de/10011507688
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Voter support for privatizing education : evidence on self-interest and ideology
Merzyn, Wolfram; Ursprung, Heinrich W. - 2003
Economic theory advances various arguments in favor of and against privatizing education. In this paper we investigate the extent to which these arguments influence voters opinions. We analyze two popular referenda in which some 400,000 voters in two Swiss cantons expressed their opinions on the...
Persistent link: https://www.econbiz.de/10011508114
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External constraints matter for privatizations
Petrarca, Ilaria; Ricciuti, Roberto - 2014
We present an analysis of the share of public ownership in the product market in the OECD countries from 1974 to 2007. Despite much has been said on the broad topic of reforms and regulation, a sector-specific insight is missing. We replicate the analysis of Galasso (2014) by sector of activity...
Persistent link: https://www.econbiz.de/10010426052
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Privatising network industries
Newbery, David M. G. - 2004
Persistent link: https://www.econbiz.de/10011402670