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Retained state shareholding in Chinese PLCs : does government ownership reduce corporate value?
Tian, Lihui (contributor); Estrin, Saul (contributor) - 2005
The role of government shareholding in corporate performance is central to an understanding of China's newly privatized large firms. In this paper, we analyze shareholders as agents that can both harm and benefit companies. We examine the ownership structure of 826 listed corporations and find...
Persistent link: https://www.econbiz.de/10002603937
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Ownership or performance : what determines board of directors' turnover in Italy?
Brunello, Giorgio; Graziano, Clara; Parigi, Bruno - 2000
This paper studies the turnover of board of directors members in a sample of 72 companies listed on the Milan Stock Exchange during the period 1988-1996. We investigate whether board members change more frequently when company performance is poor, as the literature suggests, and whether and how...
Persistent link: https://www.econbiz.de/10011318600
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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
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Boards of directors in Russian publicly traded companies in 1998-2014 : structure, dynamics and performance effects
Muravyev, Alexander - 2016
This paper provides new evidence on the structure, dynamics and performance effects of corporate boards in publicly traded companies in Russia. It takes advantage of a new and unique longitudinal dataset of virtually all Russian companies whose shares were traded in the RTS/MICEX/MOEX over...
Persistent link: https://www.econbiz.de/10011595577
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Ownership and pay in Britain
Pendleton, Andrew; Bryson, Alex; Gospel, Howard F. - 2015
Drawing on principal-agent perspectives on corporate governance, this paper examines whether employees' hourly pay is linked to ownership dispersion. Using linked workplace-worker data from the British Workplace Employment Relations Survey (WERS) 2011, we find average hourly pay is higher in...
Persistent link: https://www.econbiz.de/10011307884
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Privatization and productivity in Romanian industry : evidence from a comprehensive enterprise panel
Earle, John S.; Telegdy, Álmos - 2001
We construct and analyze a unique database with 1992-99 information on privatization transactions and labor … describe the post-privatization ownership structure and to test the effect of alternative privatization policies on firm … and domestic blockholders, but insider and mass privatization are also estimated to have positive, although smaller …
Persistent link: https://www.econbiz.de/10011402871
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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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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 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
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Gross job flows in Ukraine : size, ownership and trade effects
Konings, Jozef; Kupets, Olga; Lehmann, Hartmut - 2002
This paper documents and analyses gross job flows and their determinants in Ukraine using a unique data set of more than 2200 Ukrainian firms operating in both the manufacturing and the non-manufacturing sector for the years 1998-2000. There are several important findings in the paper. Job...
Persistent link: https://www.econbiz.de/10001732894