The analysis employs data on federal government-owned public enterprises (PSEs) since 1980s that encompasses the partial privatization programme to examine the likelihood of privatization. The results indicate that employment-intensive, high-paying but less profitable firms are more likely to be...

The article utilizes data on high-tech Indian firms for 1996–2007 to explain the association between leverage and productivity. Accordingly, firm-level productivity measures are regressed on a set of control variables, which includes leverage among the regressors. The findings suggest...