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Spinoffs, Privatization and Corporate Performance in Emerging Markets

Hanousek, Jan; Kocenda, Evzen; Svejnar, Jan - EconWPA - 2004

We use new firm-level data to examine the effects of spinoffs and privatization on corporate performance in a rapidly … control for accompanying ownership changes and the fact that spinoffs and ownership are endogenous variables. We find that … spinoffs increase the firmâ€™s profitability but do not alter its scale of operations, while the effect of privatization …

Persistent link: https://www.econbiz.de/10005077066

Do Institutions, Ownership, Exporting and Competition Explain Firm Performance? Evidence from 26 Transition Countries

Commander, Simon; Svejnar, Jan - Institute for the Study of Labor (IZA) - 2007

We analyze a large stratified random sample of firms that provide us with measures of performance and each firm’s top manager’s perception of the severity of business environment constraints faced by his/her firm. Unlike most existing studies that rely on external and aggregated proxy...

Persistent link: https://www.econbiz.de/10005822639

Investment, Credit Rationing, and the Soft Budget Constraint : Evidence from Czech Panel Data

Svejnar, Jan - 2002

Strategic restructuring of firms through investment is key to a transition from plan to market. Using data on industrial firms in the Czech Republic during 1992-98, we find that (a) foreign owned companies invest the most and cooperatives the least, (b) private firms do not invest more than...

Persistent link: https://www.econbiz.de/10012787425

Investment, Credit Rationing, and the Soft Budget Constraint : Evidence from Czech Panel Data

Svejnar, Jan - 2001

Persistent link: https://www.econbiz.de/10012742601

Financial Conditions and Investment During the Transition : Evidence from Czech Firms

Lizal, Lubomir - 2000

In this paper, we examine net investment during the early stages of transition using micro data on the population of medium and large industrial firms in the Czech Republic during the 1992-95 period. We examine the relevance of alternative models of investment and test if investment behavior...

Persistent link: https://www.econbiz.de/10012743182

Legal Corruption, Politically Connected Corporate Governance and Firm Performance

Domadenik, Polona; Prašnikar, Janez; Svejnar, Jan - Institute for the Study of Labor (IZA) - 2014

In this paper we present and test a theory of how political corruption, found in many transition and emerging market economies, affects corporate governance and productive efficiency of firms. Our model predicts that underdeveloped democratic institutions that do not punish political corruption...

Persistent link: https://www.econbiz.de/10010884312

Financial Conditions and Investment during the Transition: Evidence from Czech Firms

Lizal, Lubomir; Svejnar, Jan - EconWPA - 2001

Persistent link: https://www.econbiz.de/10005407697

Enterprise Break-ups and Performance During the Transition

Lizal, Lubomir; Singer, Miroslav; Svejnar, Jan - C.E.P.R. Discussion Papers - 1997

This paper estimates the effects of the 1991 breakups of Czechoslovak state-owned enterprises (SOEs) on subsequent performance of the master enterprises and the spin-off units. The analysis is based on quarterly and annual data of Czechoslovak industrial enterprises. We estimate the performance...

Persistent link: https://www.econbiz.de/10005114331

Productivity and Inequality Effects of Rapid Labor Reallocation – Insights from a Meta-Analysis of Studies on Transition

Svejnar, Jan; Tyrowicz, Joanna; Velde, Lucas van der - Wydział Nauk Ekonomicznych, Uniwersytet Warszawski - 2015

From a theoretical perspective the link between the speed and scope of rapid labor reallocation and productivity growth or inequalities remains unclear. Do reallocations with more flows tend to produce higher productivity growth? Does such link appear at the expense of higher inequalities? We...

Persistent link: https://www.econbiz.de/10011201858

Objectives and Constraints of Entrepreneurs: Evidence from Small and Medium-Size Enterprises in Russia and Bulgaria

Pissarides, Francesca; Singer, Miroslav; Svejnar, Jan - C.E.P.R. Discussion Papers - 2003

We analyse the principal objectives and constraints of small and medium enterprises (SMEs), using data from a survey of 437 top managers (CEOs) of SMEs in Russia and Bulgaria. The CEOs display similar views and identify a small number of specific constraints as being the most important ones. The...

Persistent link: https://www.econbiz.de/10005788991