We analyze the effects of ownership type and concentration on performance of a population of firms in a model large-scale privatization economy (Czech Republic). Using specifications based on first-differences and unique instrumental variables, we find that few types of private ownership improve...

This paper documents that a process of industrial restructuring has been transforming the developed economies, where large corporations are accounting for less economic activity and small firms are accounting for a greater share of economic activity. Not all countries, however, are experiencing...

This research focused on the Chinese family owned businesses listed on the Bursa Malaysia?s Main Board, Second Board and Mesdaq. Using a combination of qualitative and quantitative approaches, this research was largely exploratory in nature. The objectives were to determine the adequacy of...

Capital markets perform two distinct functions: provision of capital and facilitation of good governance through information production and monitoring. I argue that the governance function has more impact on the efficiency with which resources are utilized within the firm. Based on industry...

Capital markets perform two distinct functions: provision of capital and facilitation of good governance through information production and monitoring. I argue that the governance function has more impact on the efficiency with which resources are utilized within the firm. Based on industry...

This study tests the assertion that membership growth in credit unions is constrained by their unique structural features, such as their non-profit mission and member-based ownership. Although these features enhance inclusiveness, existing theory suggest that they work against efficiency when...

Der Transformationsprozess Russlands von einer zentralstaatlich geplanten Volkswirtschafthin zu einer Marktwirtschaft nach westlichem Vorbild liefert eine aufschlussreiche Fallstudieüber die von William Baumol (1990) vertretene These der institutionellen Steuerbarkeit vonproduktivem...