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Employment and wage effects of privatization: evidence from Hungary, Romania, Russia, and Ukraine
Brown, J. David; Earle, John S.; Telegdy, Álmos - 2008
transition economies to estimate the impacts of privatization on employment and wages. The results in all four countries … consistently reject job losses and they never imply large wage cuts from privatization to either foreign or domestic owners. The … domestic privatization estimates are close to zero for employment, while for wages they are negative but small in magnitude …
Persistent link: https://www.econbiz.de/10010268760
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Distance to frontier and appropriate business strategy
Coad, Alex - 2008
This paper is an empirical test of the hypothesis that the appropriateness of different business strategies is conditional on the firm's distance to the industry frontier. We use data on four 2-digit high-tech manufacturing industries in the US over the period 1972-1999, and apply...
Persistent link: https://www.econbiz.de/10010266700
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Causal inference by independent component analysis with applications to micro- and macroeconomic data
Moneta, Alessio; Entner, Doris; Hoyer, Patrik; Coad, Alex - 2010
Structural vector-autoregressive models are potentially very useful tools for guiding both macro- and microeconomic policy. In this paper, we present a recently developed method for exploiting non-Gaussianity in the data for estimating such models, with the aim of capturing the causal structure...
Persistent link: https://www.econbiz.de/10010269741
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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
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Divide and privatize: Firms break-up and performance
Koécenda, Evézen; Hanousek, Jan - 2010
We analyze the long-term effects of divesture and ownership change on corporate performance. We employ 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 results, which are...
Persistent link: https://www.econbiz.de/10010281888
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Corporate Governance in Germany: An Economic Perspective
Schmidt, Reinhard H. - 2003
A financial system can only perform its function of channelling funds from savers to investors if it offers sufficient assurance to the providers of the funds that they will reap the rewards which have been promised to them. To the extent that this assurance is not provided by contracts alone,...
Persistent link: https://www.econbiz.de/10010331088
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Corporate Governance in Germany: An Economic Perspective
Schmidt, Reinhard H. - 2003
A financial system can only perform its function of channelling funds from savers to investors if it offers sufficient assurance to the providers of the funds that they will reap the rewards which have been promised to them. To the extent that this assurance is not provided by contracts alone,...
Persistent link: https://www.econbiz.de/10010311980
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The financial and operating performance of privatized firms in Sweden
Tatahi, Motasam; Heshmati, Almas - 2009
privatized firms. First, accounting data prior to and after the privatization are employed to measure the operating performance … are significantly different to private counterparts. Overall results, however, show that the privatization in Sweden was …
Persistent link: https://www.econbiz.de/10010269001
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From Government to Regulatory Governance: Privatization and the Residual Role of the State
Perotti, Enrico; Bortolotti, Bernardo - 2005
This paper reviews the state of thinking on the governance role of public ownership and control. We argue that the … transfer of operational control over productive assets to the private sector represents the most desirable governance, due to … some suggestions about creating accountability in regulatory governance, in particular creating an internal control system …
Persistent link: https://www.econbiz.de/10010312416
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On the Necessity of Using Average Cost as a Base for Transfer Price
Buus, Tomáš; Brada, Jaroslav - In: European Financial and Accounting Journal 3 (2008) 3, pp. 79-94
Both older and recent literature on transfer pricing is not unified about the opinion whether optimal transfer price should be equal to marginal cost of supplying company and set by centralized decision (of vertically integrated multibusiness enterprise headquarters) or whether it should be set...
Persistent link: https://www.econbiz.de/10010512826