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Do Public Firms Respond to Industry Opportunities More than Private Firms? The Impact of Initial Firm Quality
Maksimovic, Vojislav - 2019
We track firms at birth and compare the growth pattern of IPO firms and their birth-matched counterparts. Firms that are larger at birth with faster initial growth are more likely to attain a larger size later in life and go public. Firms in the top percentile of predicted propensity to go...
Persistent link: https://www.econbiz.de/10012890903
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Can a Tiger Change its Stripes? Reform of Chinese State-Owned Enterprises in the Penumbra of the State
Harrison, Ann E. - 2019
there are clear improvements in performance post-privatization. The tiger can change its stripes; however, the government …
Persistent link: https://www.econbiz.de/10012894408
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The Land that Lean Manufacturing Forgot? Management Practices in Transition Countries
Bloom, Nicholas - 2014
below emerging countries such as Brazil, China and India. In contrast, the central European transition countries such as …
Persistent link: https://www.econbiz.de/10013067648
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CEO Behavior and Firm Performance
Bandiera, Oriana - 2017
We measure the behavior of 1,114 CEOs in six countries parsing granular CEO diary data through an unsupervised machine learning algorithm. The algorithm uncovers two distinct behavioral types: “leaders” and “managers”. Leaders focus on multi-function, high-level meetings, while managers...
Persistent link: https://www.econbiz.de/10012960702
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Financial Literacy, Information, and Demand Elasticity : Survey and Experimental Evidence from Mexico
Hastings, Justine S. - 2010
We use responses to a survey and experiment with participants in Mexico's privatized social security system to examine how financial literacy impacts workers' choice behavior and how simplifying information on management fees may increase measures of price elasticity sensitivity among the...
Persistent link: https://www.econbiz.de/10012758108
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Profiting from Government Stakes in a Command Economy : Evidence from Chinese Asset Sales
Calomiris, Charles W. - 2010
contrast to the quot;privatization premiumquot; found in earlier work, we find a negative effect of government ownership on …, suggesting that personal ties can substitute for the benefits of government ownership. The quot;privatization discountquot; is … with relatively high welfare payments to employees, which presumably would fall with privatization, benefit …
Persistent link: https://www.econbiz.de/10012759554
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Testing Limits to Policy Reversal : Evidence from Indian Privatizations
Dastidar, Siddhartha - 2010
We examine the effect of regime change on privatization using the 2004 election surprise in India. The pro-reform BJP … slated for definite privatization by the BJP dropped by 3.5 percent relative to private firms. Surprisingly, government …-controlled companies that were only under study for possible privatization fell by 7.5 percent relative to private firms. We interpret this …
Persistent link: https://www.econbiz.de/10012759805
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Contracting for Government Services : Theory and Evidence from U.S. Cities
Levin, Jonathan - 2010
Local governments can provide services with their own employees or by contracting with private or public sector providers. We develop a model of this quot;make-or-buyquot; choice that highlights the trade-off between productive efficiency and the costs of contract administration. We construct a...
Persistent link: https://www.econbiz.de/10012759893
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Selling Company Shares to Reluctant Employees : France Telecom's Experience
Degeorge, Francois - 2010
In 1997, France Tsbquo;lsbquo;com, the state-owned French telephone company, went through a partial privatization. The …
Persistent link: https://www.econbiz.de/10012763327
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The Private and External Costs of Germany's Nuclear Phase-Out
Jarvis, Stephen - 2019
Many countries have phased out nuclear electricity production in response to concerns about nuclear waste and the risk of nuclear accidents. This paper examines the impact of the shutdown of roughly half of the nuclear production capacity in Germany after the Fukushima accident in 2011. We use...
Persistent link: https://www.econbiz.de/10012857668