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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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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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Foreign direct investment and structural reforms : evidence from Eastern Europe and Latin America
Campos, Nauro (contributor); Kinoshita, Yuko (contributor) - 2008
This paper investigates the role of structural reforms - privatization, financial reform and trade liberalization as … financial liberalization and privatization. These results are robust to different measures of reforms, split samples, and … potential endogeneity and omitted variables biases. -- Privatization ; financial reform ; trade liberalization ; foreign direct …
Persistent link: https://www.econbiz.de/10003656909
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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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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
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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
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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
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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
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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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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