Showing 1 - 10 of 24
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
We investigate the impact of differences in privatisation method on national economic performance in transition economies. Our approach is to estimate, using dynamic panel data methods, a growth equation over 23 countries for the period 1990-2001. Among our results, we find that mass...
Persistent link: https://www.econbiz.de/10005385471
effects of increased import competition are reinforced for foreign owned firms. In contrast, in Bulgaria and Romania …
Persistent link: https://www.econbiz.de/10005677517
subsidy reduction are substitutes; privatization and competition (measured as the geographic scope of markets) are complements …We investigate whether privatization, competitive forces, and the hardening of budget constraints played efficiency …-enhancing roles in Russia in the immediate post-privatization period. We find evidence of a positive impact of privatization on labor …
Persistent link: https://www.econbiz.de/10005701538
The role of government shareholding in corporate performance is central to an understanding of China’s newly privatized large firms. In this paper, we analyze shareholders as agents that can both harm and benefit companies. We examine the ownership structure of 826 listed corporations and find...
Persistent link: https://www.econbiz.de/10005822452
In this paper, we evaluate what we have learned to date about the effects of privatization from the experiences during … separately the impact of privatization on efficiency, profitability, revenues, and other indicators and distinguish between … privatization is mostly positive in Central Europe, but quantitatively smaller than that to foreign owners and greater in the later …
Persistent link: https://www.econbiz.de/10008622126
The role of government shareholding in corporate performance is central to an understanding of China’s newly privatized large firms. In this paper, we analyze shareholders as agents that can both harm and benefit companies. We examine the ownership structure of 826 listed corporations and find...
Persistent link: https://www.econbiz.de/10005784638
effects of increased import competition are reinforced for foreign owned firms. In contrast, in Bulgaria and Romania …
Persistent link: https://www.econbiz.de/10005504242
effects of increased import competition are reinforced for foreign owned firms. In contrast, in Bulgaria and Romania …
Persistent link: https://www.econbiz.de/10005163385
We investigate, using dynamic panel data techniques, the impact of differences in privatization methods, and in private … sector and capital market development, on economic growth in transition economies. Mass privatization is found to be the only … privatization method to have had a significant positive effect on growth. Stock market development has also had a significant …
Persistent link: https://www.econbiz.de/10005067521