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productivity in privatised firms only. 4) These findings suggest that privatisation, competition and managerial change are …
Persistent link: https://www.econbiz.de/10009755918
1995. We focus on the two primary types of ownership change in Russia: the privatization of existing state …
Persistent link: https://www.econbiz.de/10014072597
We construct and analyze a unique database with 1992-99 information on privatization transactions and labor … productivity for the entire surviving population of initially state-owned industrial corporations in Romania. The data permit us to … describe the post-privatization ownership structure and to test the effect of alternative privatization policies on firm …
Persistent link: https://www.econbiz.de/10011402871
privatization literature, we argue that the transformed COEs in the ongoing organizational transformation process may achieve better …
Persistent link: https://www.econbiz.de/10013070784
, privatization methods had a lasting effect on ownership structure in Ukraine …This paper investigates the relationship between ownership concentration and enterprise performance in Ukraine. Using … performance in Ukraine. The paper also finds that concentration of ownership by foreign companies and banks is associated with …
Persistent link: https://www.econbiz.de/10013317911
Why do the reported effects of privatization on firm performance vary so much? This paper re-estimates these effects …, but they vary across countries and time periods. Our analysis of heterogeneity in privatization effectiveness finds little …
Persistent link: https://www.econbiz.de/10013005452
We estimate the effects of privatization on zombie versus healthy state-owned enterprises (SOEs) in China, extending … productivity and TFP, reduces bank and government subsidies, alleviates leverage and administrative expenses, improves liquidity … privatization of underperforming, zombie-like entities can lead to substantial economic improvements and greater efficiency …
Persistent link: https://www.econbiz.de/10015056119
-socialist transition using financial data very little is known about how the apparent productivity gains were achieved. This paper follows … sources and limits of productivity growth. The data suggests that the factory was not far from the competitive optimum given …
Persistent link: https://www.econbiz.de/10013319578
the privatization. The two key mechanisms explaining the results are: (i) a government owner keeping control takes into …
Persistent link: https://www.econbiz.de/10010320092
-oriented issue of why a large number of efficient firms disappeared during mass privatization in a booming economy of Montenegro …. Econometrically, we present the first study to look at firms that disappeared during a mass privatization transition, improving upon … remaining in samples when estimating the effects of privatization or other ownership changes. We also show that one needs to …
Persistent link: https://www.econbiz.de/10010226663