Knyazeva, Anzhela; Knyazeva, Diana; Stiglitz, Joseph E. - In: Journal of Banking & Finance 37 (2013) 7, pp. 2605-2627
property rights and contracting rights protections contribute to stronger post-privatization performance. Second, we ask … public. We find an insignificant effect of privatization in ordinary least squares estimates and a negative short-term effect … after correcting for endogeneity of privatization decisions that disappears in the long run, consistent with recently …