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This study of how privatization and stabilization (hard budget constraints) affect enterprise behavior shows that … propositions derived by Shleifer and Vishny (1994, 1996) about how privatization and stabilization (hard budget constraints) affect …-owned enterprises. Controlling for institutional differences and the endogeneity of privatization choices, they find that privatization …
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their findings are correct, increasing private ownership of the media—through privatization or by encouraging the entry of …
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We examine the patterns of media ownership in 97 countries around the world. We find that almost universally the largest media firms are owned by the government or by private families. Government ownership is more pervasive in broadcasting than in the printed media. Government ownership of the...
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