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Who gains when workers train? Training and corporate productivity in a panel of British industries

Dearden, Lorraine; Reed, Howard; Van Reenen, John - 2000

productivity. This paper is part of a smaller literature on the effects of training on direct measures of industrial productivity …. We analyse a panel of British industries between 1983 and 1996. Training information (and other individual productivity … use a variety of panel data techniques (including system GMM) to argue that training significantly boosts productivity …

Persistent link: https://www.econbiz.de/10010330311

Privatisations as price reforms: Evaluating consumers' welfare changes in the UK

Brau, Rinaldo; Florio, Massimo - 2002

This paper analyses the effects on consumers' welfare of the privatisation policy carried out in the UK since 1979. The approach we follow sees the privatisation of a State owned enterprise within the broader framework of the "policy reform" theory (Drèze and Stern, 1990). By adopting this...

Persistent link: https://www.econbiz.de/10011335730

The abnormal returns of UK privatisations: From underpricing to outperformance

Florio, Massimo; Manzoni, Katiuscia - 2002

This paper offers a review and discussion of the evidence concerning the underpricing and long run performance of British PIPOs (Privatisation Initial Public Offerings) between 1977-1996, i.e. from the first privatisation under a Labour Government (British Petroleum), until the last ones by a...

Persistent link: https://www.econbiz.de/10011335748

From State to Market: A Survey of Empirical Studies on Privatization

Megginson, William L.; Netter, Jeffry M. - 1999

This study surveys the academic and professional literature examining the privatisation of state-owned enterprises (SOEs), with a focus on empirical studies. Privatisation has been instrumental in reducing state ownership in many countries and had a transforming effect on global stock markets,...

Persistent link: https://www.econbiz.de/10011608465

Why do governments sell privatised companies abroad?

Bortolotti, Bernardo; Fantini, Marcella; Scarpa, Carlo - 2000

This paper provides an empirical analysis of GovernmentsÕ decisions to sell privatised companies on both international and domestic markets in a sample of 392 privatisations in 42 countries in the 1977-1998 period. Political theories of privatisation find strong support in our analyses: market...

Persistent link: https://www.econbiz.de/10011608587

Sources of performance improvement in privatised firms: A clinical study of the global telecommunications industry

Megginson, William L.; Bortolotti, Bernardo; D'Souza, Juliet - 2001

efficiency gains result from better incentives and productivity, rather than from wholesale firing of employees and profitability …

Persistent link: https://www.econbiz.de/10011608788

Privatisation, large shareholders, and sequential auctions of shares

Bortolotti, Bernardo - 2001

We study the government's decision to sell a state-owned enterprise to strategic investors in a common value auction setting. The government can choose to sell his control stake all at once, or to design a sequential auction of shares. The sequential auction allows information transmission, so...

Persistent link: https://www.econbiz.de/10011608799

Privatisation around the world: New evidence from panel data

Bortolotti, Bernardo; Fantini, Marcella; Siniscalco, … - 2001

This paper presents new evidence about privatisation processes and their determinants from a panel of 34 countries over the 1977-99 period. The empirical analysis shows that privatisation takes place typically in wealthy and democratic countries, endowed with deep and liquid stock markets, and...

Persistent link: https://www.econbiz.de/10011608839

Can education compensate low ability? Evidence from british data

Denny, Kevin; O'Sullivan, Vincent - 2004

This paper uses cross section data to investigate whether the returns to education vary with the level of ability. Using a measure of cognitive ability based on tests taken at ages 7 and 11 we find, unlike most of the existing literature, clear evidence that the return to schooling is lower for...

Persistent link: https://www.econbiz.de/10010292976

Educational reform, ability and family background

Meghir, Costas; Palme, Mårten - 2004

In this paper we evaluate the impact of a major school reform, that took place in the 1950s in Sweden, on educational attainment and earnings. The reform, which has many common elements with reforms in other European countries including the UK, consisted of increasing compulsor schooling,...

Persistent link: https://www.econbiz.de/10010293084