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While a variety of studies analysed the benign effects of privatisation on firm performance under post-socialist transition using financial data very little is known about how the apparent productivity gains were achieved. This paper follows a weaving mill from 1998 to 1997 on its way of...
Persistent link: https://www.econbiz.de/10005822764
We construct objective measures of privatization, internal and external liberalization reform efforts, across countries … external liberalization and privatization, concentration of political power drives internal liberalization, and democracy … underpins all three. We find that FDI inflows reduce the probability of privatization reversals, labour strikes increase that of …
Persistent link: https://www.econbiz.de/10005822778
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/10005566810
We explore the impact of privatization and the entry of new firms on enterprise performance in Belarus, a transition …
Persistent link: https://www.econbiz.de/10005761783