-scale privatization economy (Czech Republic). Using specifications based on first-differences and unique instrumental variables, we find … that few types of private ownership improve dynamic post-privatization performance. Concentrated foreign (but not domestic … cost without increasing profitability. The effects of concentrated foreign ownership support the agency theory and go …

This paper seeks to provide an answer to the following question, namely when and how does privatization work? Using a … reforms and environment have an effect on the changes in operating performance. For example, we find that privatization yields … post-privatization performance changes. In particular, economic growth, control relinquishment by the government and …

performance in a post-privatization economy with an institutionally weak market and extremely high private benefits of control …. Russia provides a unique setting to examine ultimate ownership patterns and the effectiveness of the corporate control model … product of a multi-stage privatization that was followed by a series of severe battles for corporate control. It is …