Mass privatization offers a particularly suitable framework to study the change in ownership concentration as the … extent of change is unusual for a stable market economy. Focusing on two different mass privatization schemes in two … transition economies, Poland and the Czech Republic, we find that despite important differences in the design of the two …

This research examines the effects of privatization transaction strategy on enterprise performance in developing … economies. Focusing on trade sale privatization, we use an event-driven data strategy and time-series regression techniques on … realized when privatization trade sales introduce large-block foreign shareholdings and hybrid forms of governance, such as …

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 …

In this paper, we study the effect of share issue privatization (SIP) on private investment and financial market under … privatization (crowding-out effect). Vice-versa with risk aversion and perfect intertemporal substitutability (diversification … of the crowding-out effect, when the revenues of privatization are devoted to present public consumption. …