within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … firms using initial labor productivity to indicate firms’ competitiveness. Our results highlight that firms with higher … baseline productivity are more likely to be privatized, yield higher sales prices, are more often acquired by West German …

within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … firms using initial labor productivity to indicate firms' competitiveness. Our results highlight that firms with higher … baseline productivity are more likely to be privatized, yield higher sales prices, are more often acquired by West German …

separately. The results showed a diametrically opposing impact of productivity and profitability on the takeover likelihood. This …

activities have affected banks' productivity in the period 1994-2004, differentiating between technical change, efficiency change … and scale economies. We find that privatized banks experienced a significant increase in productivity, especially if they … subsequently merged with other banks. German banks were still able to increase their productivity through consolidation. -- Banking …

activities have affected banks' productivity in the period 1994-2004, differentiating between technical change, efficiency change … and scale economies. We find that privatized banks experienced a significant increase in productivity, especially if they … subsequently merged with other banks. German banks were still able to increase their productivity through consolidation …

activities have affected banks' productivity in the period 1994-2004, differentiating between technical change, efficiency change … and scale economies. We find that privatized banks experienced a significant increase in productivity, especially if they … subsequently merged with other banks. German banks were still able to increase their productivity through consolidation …

We assess the relevance of formal education on the productivity of the self-employed and distinguish between …