Showing 1 - 10 of 54
Persistent link: https://www.econbiz.de/10004253012
the data is used to measure and control for pre-privatization selection bias and to estimate long-run impacts. The data …This paper estimates the effect of domestic and foreign privatization on multifactor productivity (MFP) using long … imply steadily increasing MFP as a result of domestic privatization, reaching about 25 percent relative to state-owned firms …
Persistent link: https://www.econbiz.de/10004970726
Studies of public-private and foreign-domestic wage differentials face difficulties distinguishing ownership effects from correlated characteristics of workers and firms. This paper estimates these ownership differentials using linked employer-employee data (LEED) from Hungary containing 1.35mln...
Persistent link: https://www.econbiz.de/10005141966
We estimate the effects of privatization on firm-level wages and employment in four transition economies. Applied to … job losses from privatization, and they never imply large negative effects on wages; only for domestic privatization in … Hungary and Russia are small (3-5%) negative wage effects found. Privatization to foreign investors has positive estimated …
Persistent link: https://www.econbiz.de/10005030683
used to control for unobservables in worker and firm selection. The results imply that privatization reduces wages by 5 …This paper estimates the effects of privatization on worker separations and wages using retrospective data from a … national probability sample of Ukrainian households. Detailed worker characteristics are used to control for compositional …
Persistent link: https://www.econbiz.de/10005030687
selection effects in the privatization process that may bias the observed ownership-performance relationship. Drawing upon a … ownership change in Russia was already having some positive effects, shortly after the conclusion of the voucher privatization … Russian privatization program appears to have been biased against such institutional investors, the latter finding only …
Persistent link: https://www.econbiz.de/10012790640
In this paper I argue that corporate finance theory, empirical research, practical applications, and policy recommendations are deeply rooted in an underlying theory of the firm. I also argue that while the existing theories have delivered very important and useful insights, they seem to be...
Persistent link: https://www.econbiz.de/10012728294
Studies of public-private and foreign-domestic wage differentials face difficulties distinguishing ownership effects from correlated characteristics of workers and firms. This paper estimates these ownership differentials using linked employer-employee data (LEED) from Hungary containing 1.35mln...
Persistent link: https://www.econbiz.de/10005157528
We analyze a model of wage delay in which strategic complementarity arises because each employer's costs of violating its contracts decrease with the arrears in its labor market. The model is estimated on panel data for workers and firms in Russia, facilitating identification through fixed...
Persistent link: https://www.econbiz.de/10005141942
Several papers study the effect of trust by using the answer to the World Values Survey (WVS) question quot;Generally speaking, would you say that most people can be trusted or that you can't be too careful in dealing with people?quot; to measure the level of trust. Glaeser et al. (2000)...
Persistent link: https://www.econbiz.de/10012726356