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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

This paper estimates the relative multi-factor productivity (MFP) of privatized and state-owned enterprises using a … 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 …

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

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

Foreign investment, corporate ownership, and development : are firms in emerging markets catching up to the world standard?

Sabirianova Peter, Klara (contributor); … - 2005

privatization, competition and foreign investment. We also test hypotheses positing that only firms near the efficiency frontier … find that privatization to domestic owners did not markedly improve the efficiency of firms; domestic firms are not … privatization, competition and foreign investment. We also test hypotheses positing that only firms near the efficiency frontier …

Persistent link: https://www.econbiz.de/10002548972

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

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

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

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

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

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

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 … productivity for the entire surviving population of initially state-owned industrial corporations in Romania. The data permit us to … describe the post-privatization ownership structure and to test the effect of alternative privatization policies on firm …

Persistent link: https://www.econbiz.de/10011402871

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