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This paper analyses the ownership structure emerging from the Russian privatization process, using information from a … privatization methods for ownership structure, on the incidence of non-voting and voting shares, and on the extent of concentration …) estimates, suggesting that the privatization process may have contained a negative selection bias with respect to ownership by …
Persistent link: https://www.econbiz.de/10005136416
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
determines whether such performance differs across firms according to their new ownership structure. The Egyptian privatization … program provides unique post-privatization data on different ownership structures. Since most studies do not distinguish … between the types of ownership, this paper provides new insight into the impact that post-privatization ownership structure …
Persistent link: https://www.econbiz.de/10010938720
The Italian constitution does not mention competition. A statement in favour of an economy based on free markets could be introduced, but the European Treaties provide a sufficient integration. The Italian constitution considers the public enterprise as the remedy to excessive market power and...
Persistent link: https://www.econbiz.de/10010878177
We develop a theoretical framework for comparing the style of work in public and private enterprises. We incorporate ‘socializing’, as an activity that yields utility for workers and affects a firm’s output, into a simple multitask model of work organization. In contrast with previous...
Persistent link: https://www.econbiz.de/10005791698
countries, none of which systematically reprivatized firms during the 1930s. Privatization in Nazi Germany was also unique in … transferred to private ownership belonged to diverse sectors. Privatization was part of an intentional policy with multiple … financial restrictions were a central motivation. In addition, privatization was used as a political tool to enhance support for …
Persistent link: https://www.econbiz.de/10004971432
countries, none of which systematically reprivatized firms during the 1930s. Privatization in Nazi Germany was also unique in … transferred to private ownership belonged to diverse sectors. Privatization was part of an intentional policy with multiple … financial restrictions were a central motivation. In addition, privatization was used as a political tool to enhance support for …
Persistent link: https://www.econbiz.de/10005138832
, large scale privatization changes the political-economic equilibria in a dangerous way, because it splits society between …
Persistent link: https://www.econbiz.de/10005007187
This research is developed within the general framework of the study on privatization costs. Analysing the costs … basis of our results, we can evaluate the financial efficiency of the privatization through PO's in Spain, and suggest …
Persistent link: https://www.econbiz.de/10005176416
Public enterprises never disappeared in spite of several privatization waves in the last three decades. This paper … and acquisitions confirms that in the last ten years there has been an increase of publicization relative to privatization …
Persistent link: https://www.econbiz.de/10010739818