Narrow search
Showing 1 - 10 of 2,277
Cover Image
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
Cover Image
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
Cover Image
Asset stripping, rule of law and firm survival : the Hoff-Stiglitz model and mass privatization in Montenegro
Koman, Matjaž; Lakičević, Milan; Prašnikar, Janez; … - 2013
privatizations are accompanied by asset stripping. In addition to directly testing the theory, we also tackle an important policy …-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 …
Persistent link: https://www.econbiz.de/10010226663
Cover Image
The determinants of asset stripping : theory and evidence from the transition economies
Campos, Nauro (contributor);  … - 2005
model, measure and investigate this process empirically. This paper tries to fill this gap by putting forward theory and …
Persistent link: https://www.econbiz.de/10003299971
Cover Image
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
Cover Image
Privatization and changes in the wage structure : evidence from firm personnel records
Melly, Blaise (contributor); Puhani, Patrick A. (contributor) - 2008
We investigate the wage effects of privatization using person-level firm-based panel datasets from one privatized and … one nonprivatized public sector firm in the same country for the years immediately before and after privatization. Thus …, we can analyze the before-after effects of privatization while controlling for individual and time fixed effects and …
Persistent link: https://www.econbiz.de/10003763070
Cover Image
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
Cover Image
How do firms redline workers?
Zenou, Yves - 2002
In a city where individuals endogenously choose their residential location, firms determine their spatial efficiency wage and a geographical red line beyond which they do not recruit workers. This is because workers experiencing longer commuting trips provide lower effort levels than those...
Persistent link: https://www.econbiz.de/10011414013
Cover Image
Urban spatial structure, employment and social ties : European versus American cities
Picard, Pierre M.; Zenou, Yves - 2015
We develop a model where workers both choose their residential location (geographical space) and their social interactions (social space). In equilibrium, we show under which condition some individuals reside close to the job center while others live far away from it. Even though the two...
Persistent link: https://www.econbiz.de/10011294096
Cover Image
How urbanization affects employment and social interactions
Satō, Yasuhiro; Zenou, Yves - 2014
We develop a model where the unemployed workers in the city can find a job either directly or through weak or strong ties. We show that, in denser areas, individuals choose to interact with more people and meet more random encounters (weak ties) than in sparsely populated areas. We also...
Persistent link: https://www.econbiz.de/10010238209