Showing 1 - 10 of 146
We analyze the extent of the integrated control of the state over privatized firms during the post-privatization decade …
Persistent link: https://www.econbiz.de/10010265983
We investigate the role of ownership structure and investor protection in postprivatization corporate governance. We find that the government relinquishes control over time, mainly to the benefit of local institutions and foreign investors. We also show that private ownership tends to...
Persistent link: https://www.econbiz.de/10011325056
In this paper, we study the effect of share issue privatization (SIP) on private investment and financial market under … privatization (crowding-out effect). Vice-versa with risk aversion and perfect intertemporal substitutability (diversification … of the crowding-out effect, when the revenues of privatization are devoted to present public consumption. …
Persistent link: https://www.econbiz.de/10011335775
In 1997, France Telecom, the state-owned French telephone company, went through a partial privatization. We adapt a …
Persistent link: https://www.econbiz.de/10011335778
Support for economic reforms has often shown puzzling dynamics: there are many examples of reforms that started off successfully but nevertheless lost public support, and vice versa. We show that learning dynamics can rationalize this apparent paradox, the reason being that the process of...
Persistent link: https://www.econbiz.de/10010326523
Despite its many advantages, the Eastern and Southern Mediterranean region remains relatively backward in economic and social terms and is rightly considered a potential source of social and political instability. Its average GDP per capita lags behind the global average and is increasing slowly...
Persistent link: https://www.econbiz.de/10010326566
We provide a simple theoretical model to explain the mechanism whereby privatization of international airports can …
Persistent link: https://www.econbiz.de/10010332275
We analyze the pace and patterns of job reallocation in Ukraine using 1992-2000 panel data on nearly the surviving universe of manufacturing firms inherited from the Soviet Union. Employment growth displays substantial increase in heterogeneity during this transition period, with a corresponding...
Persistent link: https://www.econbiz.de/10010262088
Privatization policy faces increasing popular opposition in Latin America. We test for the determinants of this … countries as our dependent variable of perception, and a privatization dataset on the same countries, including sectoral … variables as controls. Our main finding is that disagreement with privatization is more likely when the respondent is poor …
Persistent link: https://www.econbiz.de/10010267576
We explore the impact of privatization and the entry of new firms on enterprise performance in Belarus, a transition …
Persistent link: https://www.econbiz.de/10010267876