Narrow search
Showing 1 - 10 of 1,990
Cover Image
Reluctant Privatization
Bortolotti, Bernardo; Faccio, Mara - 2004
through 2000. We find that governments do not relinquish control after "privatization." We show that the market-to-book ratios …
Persistent link: https://www.econbiz.de/10011325012
Cover Image
Postprivatization Corporate Governance: the Role of Ownership Structure and Investor Protection
Boubakri, Narjess; Cosset, Jean-Claude; Guedhami, Omrane - 2003
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
Cover Image
Policy Reform in Viet Nam and the Asian Development Bank's State-Owned Enterprise Reform and Corporate Governance Program Loan
Abonyi, George - 2005
This paper presents a case study of the Asian Development Bank's StateOwned Enterprise (SOE) Reform and Corporate Governance Program Loan that was aimed at supporting fundamental and sensitive reforms in Viet Nam's transition. It examines the context of SOE reform involving Viet Nam's unique,...
Persistent link: https://www.econbiz.de/10010507195
Cover Image
The Missing Shock: The Macroeconomic Impact of British Privatisation
Florio, Massimo; Grasseni, Mara - 2004
The privatisation policy pursued in the UK by Mrs Thatcher's government (1979-1990) and subsequently by Mr Major's government (1990-1997) was the largest experiment in public divestitures among capitalist economies. It had a deep impact on economic policy-making world wide, and was vastly...
Persistent link: https://www.econbiz.de/10011324982
Cover Image
Privatization and labor force restructuring around the world
Chong, Alberto; López-De-Silanes, Florencio - 2002
Critics of privatization argue that poor labor force restructuring is a key concern and that governments should … owners after privatization. Our results show that adverse selection plagues retrenchment programs carried out by governments … before privatization. Controlling for endogeneity, several labor retrenchment policies yield a negative impacton net …
Persistent link: https://www.econbiz.de/10011335776
Cover Image
Foreign Investment, Corporate Ownership, and Development : Are Firms in Emerging Markets Catching Up to the World Standard?
Sabirianova, Klara Z.; Svejnar, Jan; Terrell, Katherine - 2005
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/10010271756
Cover Image
The Emergence of Large Shareholders in Mass Privatized Firms: Evidence from Poland and the Czech Republic
Grosfeld, Irena; Hashi, Iraj - 2004
Mass privatization offers a particularly suitable framework to study the change in ownership concentration as the … extent of change is unusual for a stable market economy. Focusing on two different mass privatization schemes in two …
Persistent link: https://www.econbiz.de/10011324998
Cover Image
Retained State Shareholding in Chinese PLCs : Does Government Ownership Reduce Corporate Value?
Tian, Lihui; Estrin, Saul - 2005
The role of government shareholding in corporate performance is central to an understanding of China?s newly privatized large firms. In this paper, we analyze shareholders as agents that can both harm and benefit companies. We examine the ownership structure of 826 listed corporations and find...
Persistent link: https://www.econbiz.de/10010262209
Cover Image
State ownership and control in the Czech Republic
Kocenda, Evézen; Hanousek, Jan - 2009
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
Cover Image
Divide and privatize: Firm break-up and performance
Koécenda, Evézen; Hanousek, Jan - 2011
We analyze the long-term effects of firm break-up and ownership change on corporate performance. Our analysis is based on a unique data set for a large number of Czech firms spanning the period 1996-2005. We employ a propensity score matching procedure to deal with endogeneity problems. Our...
Persistent link: https://www.econbiz.de/10010274965