The privatization strategy in many transition economies involved the creation of a special government agency that … administered state property during privatization programs as well as after the privatization was declared complete. The National … privatization was completed. We analyze the control potential of the state exercised through the FNM via the control rights …

We analyze the extent of the integrated control of the state over privatized firms during the post-privatization decade …

We use new firm-level data to examine the effects of firm divestitures and privatization on corporate performance in a …'s profitability but do not alter its scale of operations, while the effect of privatization depends on the resulting ownership … structure – sometimes improving performance and sometimes bringing about decline. The effects of privatization are thus more …

Despite the massive scale of the voucher privatization, there still remains a substantial number of companies where the … achievement of the voucher privatization. There exists a clear consensus that further privatization of the residual state property …

privatization on corporate performance. Unlike the existing literature, which analyzes breakups almost exclusively in advanced … privatization depends on the resulting ownership structure - sometime improving performance and sometime bringing about decline. The … effects of privatization are hence less clear-cut than suggested in earlier studies. Methodologically, our study provides …