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. …

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 …

We test under what circumstances boards discipline managers and whether such interventions improve performance. We …

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. …