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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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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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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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Tournaments and managerial incentives in China's listed firms : new evidence
Kato, Takao (contributor); Long, Cheryl (contributor) - 2008
The promotion tournament as a potentially important incentive mechanism for top management in transition economies has not been examined by the emerging literature on managerial incentives in transition economies. This paper is the first attempt to fill this important gap in the literature. The...
Persistent link: https://www.econbiz.de/10003759900
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Evaluating the effect of ownership status on hospital quality : the key role of innovative procedures
Gobillon, Laurent; Milcent, Carine - 2012
Mortality differences between university, non-teaching public and for-profit hospitals are investigated using a French exhaustive administrative dataset on patients admitted for heart attack. Our results show that innovative procedures play a key role in explaining the effect of ownership status...
Persistent link: https://www.econbiz.de/10009680311
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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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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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Does local business ownership insulate cities from economic shocks?
Kolko, Jed; Neumark, David - 2009
We assess a prominent argument for local economic policies that favor locally-owned businesses - namely, that locally-owned firms are more likely to internalize the costs to the community of decisions to reduce employment and hence help to insulate cities from adverse economic shocks. We test...
Persistent link: https://www.econbiz.de/10003898087