Showing 1 - 10 of 21
We analyze the effect of ownership on post-privatization performance in a virtually complete population od medium and … ownership improves economic performance, but domestic private ownership does not, relative to state ownership. Foreign firms … increasing profit. Ownership concentration is associated with superior performance, thus providing support to the agency theory …
Persistent link: https://www.econbiz.de/10014030996
We provide the first test of the Hoff and Stiglitz (2004) model predicting whether and under what conditions mass privatizations are accompanied by asset stripping. In addition to directly testing the theory, we also tackle an important policy-oriented issue of why a large number of efficient...
Persistent link: https://www.econbiz.de/10013071449
We provide the first test of the Hoff and Stiglitz (2004) model predicting whether and under what conditions mass privatizations are accompanied by asset stripping. In addition to directly testing the theory, we also tackle an important policy-oriented issue of why a large number of efficient...
Persistent link: https://www.econbiz.de/10014151094
We analyze the effect of ownership on post-privatization performance in a virtually complete population of medium and … ownership improves economic performance, but domestic private ownership does not, relative to state ownership. Foreign firms … increasing profit. Ownership concentration is associated with superior performance, thus providing support to the agency theory …
Persistent link: https://www.econbiz.de/10009476867
We analyze the effects of ownership type and concentration on performance of a population of firms in a model large … that few types of private ownership improve dynamic post-privatization performance. Concentrated foreign (but not domestic …) ownership improves some measures of performance relative to state ownership. Foreign investors engage in strategic restructuring …
Persistent link: https://www.econbiz.de/10009477240
We analyze the effect of ownership on post-privatization performance in a virtually complete population of medium and …, private ownership tends to be associated with superior performance in terms of some indicators but not others, and dispersed … ownership results in better or equal performance than more concentrated forms of ownership. …
Persistent link: https://www.econbiz.de/10009477470
In this paper we provide the first analysis of whether rushed privatizations, usually carried out under fiscal duress, increase or decrease firms' efficiency, scale of operation (size) and employment. Using a large panel of firm-level data from Poland over 1995-2015, we show that rushed...
Persistent link: https://www.econbiz.de/10011873521
We analyze the effect of ownership on post-privatization performance in a virtually complete population of medium and … ownership improves economic performance, but domestic private ownership does not, relative to state ownership. Foreign firms … increasing profit. Ownership concentration is associated with superior performance, thus providing support to the agency theory …
Persistent link: https://www.econbiz.de/10005086656
We analyze the effects of ownership type and concentration on performance of a population of firms in a model large … that few types of private ownership improve dynamic post-privatization performance. Concentrated foreign (but not domestic …) ownership improves some measures of performance relative to state ownership. Foreign investors engage in strategic restructuring …
Persistent link: https://www.econbiz.de/10005652527
We analyze the effect of ownership on post-privatization performance in a virtually complete population of medium and … ownership improves economic performance, but domestic private ownership does not, relative to state ownership. Foreign firms … increasing profit. Ownership concentration is associated with superior performance, thus providing support to the agency theory …
Persistent link: https://www.econbiz.de/10005652658