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We analyze the extent of the integrated control of the state over privatized firms during the post-privatization decade … bureaucracy are the most likely reasons behind our findings. -- state ownership ; control ; corporate performance ; privatization … (1995-2005) in the Czech Republic. During this period the integrated control potential of the state resembled a corporate …
Persistent link: https://www.econbiz.de/10003887481
We analyze the extent of the integrated control of the state over privatized firms during the post-privatization decade … (1995–2005) in the Czech Republic. During this period the integrated control potential of the state resembled a corporate … pyramid. While pyramidal control was not fully utilized, the golden share in the hands of the state substantially enhanced its …
Persistent link: https://www.econbiz.de/10013155937
Persistent link: https://www.econbiz.de/10009581706
for monitoring the performance of the public enterprises considered for privatization. The paper incorporates measures …
Persistent link: https://www.econbiz.de/10014068280
for monitoring the performance of the public enterprises considered for privatization. The paper incorporates measures …
Persistent link: https://www.econbiz.de/10014029732
-controlling or "residual" state ownership framework, grounded in credible privatization and institutional theory. We propose that: 1 … signals state support for managerial initiatives; 2) the passage of time since initial privatization negatively affects … turn negative at higher state ownership levels. CARs turn sharply negative within 1-2 years from initial privatization …
Persistent link: https://www.econbiz.de/10014047034
We estimate the effects of privatization on zombie versus healthy state-owned enterprises (SOEs) in China, extending … privatization of underperforming, zombie-like entities can lead to substantial economic improvements and greater efficiency …
Persistent link: https://www.econbiz.de/10015056119
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
This paper works with a broad data sample of Czech voucher-privatized firms during 1996-1999. It analyzes the development of ownership structure and consequently its effect on a firm's performance Ownership concentration had been quite high in 1996 and steadily increased. The single largest...
Persistent link: https://www.econbiz.de/10013153541
The current paper analyzes the impacts of privatization of Sudan air carrier, Sudan Airways. The hypothetical framework … in this study is that alternative policies other than privatization are feasible. Sudan airways represents the …. Experience shows that privatization needs large amount of capital plus qualified managerial, technical, financial and marketing …
Persistent link: https://www.econbiz.de/10013130174