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 …

Most privatization programs begin with a period of partial privatization in which only non-controlling shares of firms … partial privatization has little impact on firm behavior. This perspective ignores the role that the stock market can play in … population of Indian state-owned enterprises we find that partial privatization has a positive and highly significant impact on …

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 …

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 …

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 …