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Privatisation methods and economic growth in transition economies
Bennett, John; Estrin, Saul; Maw, James W.; Urga, Giovanni - 2004
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/10011606670
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Privatisation Methods and Economic Growth in Transition Economies
Estrin, Saul; Bennett, John; Urga, Giovanni; Maw, James W. - 2004
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/10014070511
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Privatisation Methods and Economic Growth in Transition Economies
Bennett, John; Estrin, Saul; Maw, James; Urga, Giovanni - 2004
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/10011324983
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Retained State Shareholding in Chinese PLCs : Does Government Ownership Reduce Corporate Value?
Tian, Lihui; Estrin, Saul - 2005
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/10010262209
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Methods of privatization and economic growth in transition economies
Bennett, John; Estrin, Saul; Urga, Giovanni - 2006
1990 to 2003. The estimating equation is augmented with country- and time-specific variables for methods of privatization … and other factors potentially relevant to growth in transition economies. It is found that 'mass privatization' is … associated with faster growth, but the other privatization methods have no significant impact. The findings suggest that in the …
Persistent link: https://www.econbiz.de/10011470765
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Privatization when workers control firms: mass privatization versus MEBO
Bennett, John (contributor); Estrin, Saul (contributor);  … - 2006
about privatization method, focusing on the choice between free distribution (so called ‘mass privatization’) and management … firms off its hands. Although mass privatization apparently conflicts with revenue maximization, we show that nonetheless it … privatization is more likely to be chosen if the government is politically weak. -- Privatization methods ; Transition economies …
Persistent link: https://www.econbiz.de/10003342120
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Methods of privatization and economic growth in transition economies
Bennett, John (contributor); Estrin, Saul (contributor);  … - 2006
1990 to 2003. The estimating equation is augmented with country- and time-specific variables for methods of privatization … and other factors potentially relevant to growth in transition economies. It is found that ‘mass privatization’ is … associated with faster growth, but the other privatization methods have no significant impact. The findings suggest that in the …
Persistent link: https://www.econbiz.de/10003342122
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Mass Privatization and Partial State Ownership of Forms in Transition Economies
Bennett, John; Estrin, Saul; Maw, James W. - 2001
In their privatization programs, transition governments have frequently given away shares (so-called 'mass … privatization'), while maintaining significant minority ownership. We explain the rationality of this behavior for an expected net … constraint raises to zero prices that would otherwise be negative, and has an indirect effect: mass privatization and partial …
Persistent link: https://www.econbiz.de/10014136541
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Privatization, Competition, and Budget Constraints : Disciplining Enterprises in Russia
Earle, John S.; Estrin, Saul - 1998
We investigate whether privatization, competitive forces, and hardening of budget constraints have yet begun to play … impact of privatization on labor productivity: in our basic specifications, we estimate that a ten percentage point increase … models, the effect is usually small and rarely precisely estimated. We find some evidence that privatization and subsidy …
Persistent link: https://www.econbiz.de/10014060405
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Privatization when workers control firms: Mass privatization versus MEBO
Bennett, John; Estrin, Saul; Maw, James - 2006
about privatization method, focusing on the choice between free distribution (so called 'mass privatization') and management … firms off its hands. Although mass privatization apparently conflicts with revenue maximization, we show that nonetheless it … privatization is more likely to be chosen if the government is politically weak. …
Persistent link: https://www.econbiz.de/10011470764