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Endogenous ownership structure: Factors affecting the post-privatisation equity in largest Hungarian firms

Bishop, Kate; Filatotchev, Igor; Mickiewicz, Tomasz - 2002

Using a data set for 162 largest Hungarian firms during the period of 1994-1999 this paper explores the determinants of equity shares held by both foreign investors and by Hungarian corporations. We find evidence of a post-privatisation evolution towards more homogeneous equity structures, where...

Persistent link: https://www.econbiz.de/10011335737

Post-Privatisation Ownership Structure and Productivity in Russian Industrial Enterprises

Earle, John S. - 1999

This paper investigates the impact of ownership structure on the productivity performance of Russian industrial …

Persistent link: https://www.econbiz.de/10011608483

The effects of privatization on R&D investments and patent productivity

Munari, Federico; Sobrero, Maurizio - 2002

Over the last two decades privatization programs in different countries radically reduced the role of the State as a …'s principal-agent structure following privatization, and incentives to invest in R&D and to patent. We compare the pre and post … privatization R&D effort and patenting behavior of 35 companies that were fully or partially privatized in 9 European countries …

Persistent link: https://www.econbiz.de/10011335727

Avenues of technology transfer: Foreign investment and productivity change in the Czech Republic

Djankov, Simeon; Hoekman, Bernard Marco - 1998

above average size, initial profitability and initial labor productivity. After controlling for this selection bias, we find … that foreign investment has a positive, but statistically insignificant, impact on TFP (Total Factor Productivity) growth …

Persistent link: https://www.econbiz.de/10011608384

The performance of state-owned enterprises and newly privatized firms: Empirical evidence from Egypt

Omran, Mohammed - 2002

Even though it is well documented that privatization leads to an improvement in the performance of state … because it does not consider the performance of control firms of similar pre-privatization situations, i.e. the performance of … following privatization. Matching sample firms (privatized) to control firms (SOEs), I document that privatized firms do not …

Persistent link: https://www.econbiz.de/10011335746

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

Do competition and ownership matter? Evidence from local public transport in Europe

Boitani, Andrea; Nicolini, Marcella; Scarpa, Carlo - 2010

transport sector affect their productivity. In order to compare different institutional regimes, we carry out a comparative … productivity, which we regress on firm and city characteristics. We find that when firms are totally or partially in public hands … their productivity is lower. Moreover, firms selected through competitive tendering display higher total factor productivity. …

Persistent link: https://www.econbiz.de/10010272456

Capital Structure and Regulation: Does Ownership Matter?

Cambini, Carlo; Bortolotti, Bernardo; Rondi, Laura; … - 2007

We construct a comprehensive panel data of 96 publicly traded European utilities over the period 1994-2005 in order to study the relationship between the capital structure of regulated firms, regulated prices, and investments, and examine if and how this interaction is affected by ownership...

Persistent link: https://www.econbiz.de/10010312393

Environmentally-oriented innovative strategies and firm performances in services: Micro-evidence from Italy

Cainelli, Giulio; Mazzanti, Massimiliano; Zoboli, Roberto - 2007

indicators such as employment, turnover, and labour productivity growth. We exploit a unique dataset of 773 Italian service firms … employment, turnover, and labour productivity from the System of the Enterprise Account (SEA). We specify a Gibrat-like empirical … and turnover and a consequent not significant effect on labour productivity growth. The effect on employment is partly in …

Persistent link: https://www.econbiz.de/10010270950

SME Performance, Innovation and Networking Evidence on Complementarities for a Local Economic System

Mazzanti, Massimiliano; Mancinelli, Susanna - 2007

The paper addresses the relevancy of networking activities and R&D as main drivers of productivity performance and … on productivity drivers and on complementarity between R&D and networking strategies, with respect to firm productivity … and process/product output innovation. R&D is a main driver of innovation and productivity, even without networking. This …

Persistent link: https://www.econbiz.de/10010312284