within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … firms using initial labor productivity to indicate firms' competitiveness. Our results highlight that firms with higher … baseline productivity are more likely to be privatized, yield higher sales prices, are more often acquired by West German …

of positive effects emerge. With respect to takeovers of German companies by foreign investors, the productivity and … international, we find positive productivity and sales effects for relatively small companies investing abroad, and this …

We assess the relevance of formal education for the productivity of the self-employed and distinguish between …