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In this paper we estimate the effects of the 1991 breakups of Czechoslovak state owned enterprises (SOEs) on subsequent performance of the master enterprises and the spun-off units. Our analysis is based on quarterly and annual data of Czechoslovak industrial enterprises. We estimate the...
Persistent link: https://www.econbiz.de/10013148684
price control. The massive wave of breakups of the SOEs that occurred in Czechoslovakia in 1990-91 has been investigated. A …
Persistent link: https://www.econbiz.de/10014197628
Using firm-level data, we estimate the effects of the major wave of 1991 breakups of Czechoslovak state-owned enterprises on the subsequent performance of the "master enterprises" and spun-off divisions. We estimate the performance effects of spinoffs by comparing the performance of enterprises...
Persistent link: https://www.econbiz.de/10014035652
-oriented issue of why a large number of efficient firms disappeared during mass privatization in a booming economy of Montenegro …. Econometrically, we present the first study to look at firms that disappeared during a mass privatization transition, improving upon … remaining in samples when estimating the effects of privatization or other ownership changes. We also show that one needs to …
Persistent link: https://www.econbiz.de/10013071449
The paper evaluates the effects of privatization in the post-communist economies and China. In post-communist economies … privatization to foreign owners results in a rapid improvement in performance of firms, while performance effects of privatization … development. In China relatively more estimates suggest that privatization to domestic owners improves the level of performance …
Persistent link: https://www.econbiz.de/10012551741
The paper evaluates the effects of privatization in the post-communist economies and China. In post-communist economies … privatization to foreign owners results in arapid improvement in performance of firms, while performance effects of privatization to … development. In China relatively more estimates suggest that privatization to domestic owners improves the level of performance …
Persistent link: https://www.econbiz.de/10012747074
privatization, competition and foreign investment. We also test hypotheses positing that only firms near the efficiency frontier … find that privatization to domestic owners did not markedly improve the efficiency of firms; domestic firms are not …
Persistent link: https://www.econbiz.de/10013318782
, privatization, and birth of firms. An understanding of these phenomena is essential for grasping the process of transition and … for CEE on (i) enterprise behavior (in the areas of restructuring and privatization, as well as employment and wage …
Persistent link: https://www.econbiz.de/10014198542
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 …
Persistent link: https://www.econbiz.de/10014212138
-oriented issue of why a large number of efficient firms disappeared during mass privatization in a booming economy of Montenegro …. Econometrically, we present the first study to look at firms that disappeared during a mass privatization transition, improving upon … remaining in samples when estimating the effects of privatization or other ownership changes. We also show that one needs to …
Persistent link: https://www.econbiz.de/10014151094