Narrow search
Showing 1 - 10 of 18
Cover Image
Divestitures, privatization and corporate performance in emerging markets
Hanousek, Jan; Kočenda, Evžen; Svejnar, Jan - 2009
We use new firm-level data to examine the effects of firm divestitures and privatization on corporate performance in a … rapidly emerging market economy. Unlike the existing literature, we control for accompanying ownership changes and the fact …'s profitability but do not alter its scale of operations, while the effect of privatization depends on the resulting ownership …
Persistent link: https://www.econbiz.de/10009477561
Cover Image
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 firm’s profitability but do not alter its scale of operations, while the effect of privatization …
Persistent link: https://www.econbiz.de/10005077066
Cover Image
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
Cover Image
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
Cover Image
Investment, Credit Rationing, and the Soft Budget Constraint : Evidence from Czech Panel Data
Svejnar, Jan - 2001
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/10012742601
Cover Image
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
Cover Image
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
Cover Image
Financial Conditions and Investment during the Transition: Evidence from Czech Firms
Lizal, Lubomir; Svejnar, Jan - EconWPA - 2001
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/10005407697
Cover Image
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
Cover Image
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