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The births of new private-owned enterprises in an environment of state-owned enterprises

Zhao, Zhong; Liang, Zheng - 2023

The impact of the incumbent state-owned enterprises (SOEs) on the births of new private-owned enterprises (POEs) in China is a central concern for the government and society. In this paper, we apply agglomeration theories to distinguish the linkages between SOEs and POEs. Using China's 2008...

Persistent link: https://www.econbiz.de/10014310232

Do board gender quotas matter? : selection, performance and stock market effects

Ferrari, Giulia; Ferraro, Valeria; Profeta, Paola; … - 2018

From business to politics and academia, the economic effects of the introduction of gender quotas are under scrutiny. We provide new evidence based on the introduction of mandatory gender quotas for boards of directors of Italian companies listed on the stock market. Comparing before and after...

Persistent link: https://www.econbiz.de/10011845209

Trading while sleepy? : circadian mismatch and excess volatility in a global experimental asset market

Dickinson, David L.; Chaudhuri, Ananish; … - 2017

Traders in global markets operate at different local times-of-day. Suboptimal times-of-day may produce sleepiness due to daily variations in sleep/wake patterns and possibly also increased accumulation of hours awake. Global asset markets imply significantly increased heterogeneity in circadian...

Persistent link: https://www.econbiz.de/10011731909

Mind, body, bubble! : psychological and biophysical dimensions of behavior in experimental asset markets

Butler, David J.; Cheung, Stephen L. - 2018

Asset market bubbles and crashes are a major source of economic instability and inefficiency. Sometimes ascribed to animal spirits or irrational exuberance, their source remains imperfectly understood. Experimental methods can isolate systematic deviations from an asset's fundamental value in a...

Persistent link: https://www.econbiz.de/10011870688

Is privatization working in Ukraine? : new estimates from comprehensive manufacturing firm data, 1989 - 2013

Brown, J. David; Earle, John S.; Shpak, Solomiya; … - 2015

data permit us to track the privatization process and to estimate the impact of privatization within industry-year cells … majority privatized versus state-owned firms. The gap increases with time since privatization, reaching about 15-17% five years … after privatization. It also increases with calendar time although recent privatizations are associated with smaller …

Persistent link: https://www.econbiz.de/10011309155

Job satisfaction and self-selection into the public or private sector : evidence from a natural experiment

Danzer, Natalia - 2013

one caused by sector-specific job characteristics. A natural experiment - the massive privatization process in post …-Soviet countries - allows correcting potential self-selection bias. Industry-specific privatization probabilities are assigned to …

Persistent link: https://www.econbiz.de/10010195422

Outsourcing public services : contractibility, cost, and quality

Andersson, Fredrik N. G.; Jordahl, Henrik; Josephson, Jens - 2019

We review the literature on public sector outsourcing to explore if the theoretical predictions from the incomplete contracts literature hold up to recent empirical evidence. Guided by theory, we arrange services according to the type and magnitude of their contractibility problems. The...

Persistent link: https://www.econbiz.de/10012022711

Are rushed privatizations substandard? : analyzing firm-level privatization under fiscal pressure

Hagemejer, Jan; Švejnar, Jan; Tyrowicz, Joanna - 2018

Poland over 1995-2015, we show that rushed privatization has negative efficiency, scale and employment effects relative to … non-rush privatization. The negative effect of rushed privatization on the scale of operations and employment is even … stronger than its negative effect on efficiency. Our results suggest that when policy makers resort to rushed privatization …

Persistent link: https://www.econbiz.de/10011859206

Privatizing disability insurance

Seibold, Arthur; Seitz, Sebastian; Siegloch, Sebastian - 2022

Public disability insurance (DI) programs in many countries face pressure to reduce their generosity in order to remain sustainable. In this paper, we investigate the welfare effects of giving a larger role to private insurance markets in the face of public DI cuts. Exploiting a unique reform...

Persistent link: https://www.econbiz.de/10013382070

Employment and wage effects of privatization : evidence from Hungary, Romania, Russia, and Ukraine

Brown, J. David (contributor); Earle, John S. (contributor); … - 2008

transition economies to estimate the impacts of privatization on employment and wages. The results in all four countries … consistently reject job losses and they never imply large wage cuts from privatization to either foreign or domestic owners. The … domestic privatization estimates are close to zero for employment, while for wages they are negative but small in magnitude …

Persistent link: https://www.econbiz.de/10003755531

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