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We show that privatization can be beneficial even if the government is rational and benevolent, and if the firm …, privatization is strictly preferable if the firm's future survival does not crucially depend on the success of managerial effort. …
Persistent link: https://www.econbiz.de/10011597691
This paper documents recent structural changes in China's corporate landscape, based on company level data, providing a complementary perspective to that of official Chinese statistics. We classify China's largest companies by revenue since 2004 (based on Fortune Global 500 rankings), and...
Persistent link: https://www.econbiz.de/10013184745
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/10011597814
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We test under what circumstances boards discipline managers and whether such interventions improve performance. We …
Persistent link: https://www.econbiz.de/10008702077
Survey paper (2018/51), which examined the venture capital fund managers’ perception of the EIF’s value added, this paper … analyses the sentiment of the PE mid-market fund managers towards the EIF, its products and processes, and value added. …
Persistent link: https://www.econbiz.de/10012798647
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This paper analyzes the private provision of public goods where consumers interact within a fixed network structure and may benefit only from their direct neighbors’ provisions. We present a proof for existence and uniqueness of a Nash equilibrium with general best-reply functions. Our...
Persistent link: https://www.econbiz.de/10009539253