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Asset stripping, rule of law and firm survival : the Hoff-Stiglitz model and mass privatization in Montenegro
Koman, Matjaž; Lakičević, Milan; Prašnikar, Janez; … - 2013
-oriented issue of why a large number of efficient firms disappeared during mass privatization in a booming economy of Montenegro …. Econometrically, we present the first study to look at firms that disappeared during a mass privatization transition, improving upon … remaining in samples when estimating the effects of privatization or other ownership changes. We also show that one needs to …
Persistent link: https://www.econbiz.de/10010226663
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Employment and wage effects of privatization : evidence from Hungary, Romania, Russia, and Ukraine
Brown, J. David (contributor); Earle, John S. (contributor);  … - 2008
the negligible consequences of domestic privatization result from effects on scale, productivity, and costs that are large …-improvement effect, and the positive wage outcome from productivity improvement dominating the cost-reduction effect. -- Privatization … transition economies to estimate the impacts of privatization on employment and wages. The results in all four countries …
Persistent link: https://www.econbiz.de/10003755531
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Legal corruption, politically connected corporate governance and firm performance
Domadenik, Polona; Prašnikar, Janez; Švejnar, Jan - 2014
-2010, we show that a higher share of politically connected supervisory board members leads to lower productivity. …
Persistent link: https://www.econbiz.de/10010381906
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College expansion and the marginal returns to education : evidence from Russia
Belskaya, Olga; Sabirianova Peter, Klara; Posso, Christian - 2014
This paper evaluates whether the expansion of higher education is economically worthwhile based on a recent surge in the number of campuses and college graduates in Russia. Our empirical strategy relies on the marginal treatment effect method in both normal and semi‐parametric versions, and...
Persistent link: https://www.econbiz.de/10010462897
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The determinants of asset stripping : theory and evidence from the transition economies
Campos, Nauro (contributor);  … - 2005
During the transition from plan to market, managers and politicians succeeded in maintaining control of large parts of the stock of socialist physical capital. Despite the obvious importance of this phenomenon, there have been no efforts to model, measure and investigate this process...
Persistent link: https://www.econbiz.de/10003299971
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The Political Economy of Privatization: Why Do Governments Want Reforms?
Boerner, Kira - 2004
International organizations promote privatization as precondition for economic development. But is there really too … little privatization? This political economy model asks for the incentives of governments to privatize or restructure a state …-owned firm. Different government types are compared to identify the political and institutional determinants of privatization …
Persistent link: https://www.econbiz.de/10011324980
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Firm ownership and rent sharing
Monteiro, Natália Pimenta; Portela, Miguel; Straume, … - 2010
We analyse – theoretically and empirically – how private versus public ownership of firms affects the degree of rent sharing between firms and their workers. Using a particularly rich linked employer-employee dataset from Portugal, covering a large number of corporate ownership changes...
Persistent link: https://www.econbiz.de/10003959632
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Returns for entrepreneurs vs. employees : the effect of education and personal control on the relative performance of entrepreneurs vs. wage employees
Praag, Mirjam van; Witteloostuijn, Arjen van; Sluis, … - 2009
How valuable is education for entrepreneurs' performance as compared to employees'? What might explain any differences? And does education affect peoples' occupational choices accordingly? We answer these questions based on a large panel of US labor force participants. We show that education...
Persistent link: https://www.econbiz.de/10003926421
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Wage inequality and returns to education in Turkey : a quantile regression analysis
Tansel, Aysıt; Bircan, Fatma - 2010
This paper investigates the male wage inequality and its evolution over the 1994-2002 period in Turkey by estimating Mincerian wage equations using OLS and quantile regression techniques. Male wage inequality is high in Turkey. While it declined at the lower end of the wage distribution it...
Persistent link: https://www.econbiz.de/10009315281
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A comparison of the human capital and signaling models : the case of the self-employed and the increase in the schooling premium in the 1980's
Lofstrom, Magnus - 2000
to employers their productivity, a change in the schooling equilibrium should not affect their earnings. Four testable …
Persistent link: https://www.econbiz.de/10011335240