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Privatization has played an important role in national economic reform in Vietnam. However, unlike other transitional … countries in Central and Eastern Europe, Vietnam has chosen a partial and gradual privatization where the government still holds … significant ownership in most privatized firms. Whether partial privatization can enhance privatized firms' performance or full …
Persistent link: https://www.econbiz.de/10014332460
We construct and analyze a unique database with 1992-99 information on privatization transactions and labor … describe the post-privatization ownership structure and to test the effect of alternative privatization policies on firm … and domestic blockholders, but insider and mass privatization are also estimated to have positive, although smaller …
Persistent link: https://www.econbiz.de/10010262532
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
estimate market power (i.e. price-cost margins) and to analyze how these are affected by privatization and increased …
Persistent link: https://www.econbiz.de/10010313301
Persistent link: https://www.econbiz.de/10011696441
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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
This study examines the associations of corporate governance with firm risk-taking and performance in a typical frontier equity market characterized by high ownership concentration and weak investor protection. Using an extensive sample of Vietnamese listed firms, we find (1) no relation between...
Persistent link: https://www.econbiz.de/10012657577
the privatization. The two key mechanisms explaining the results are: (i) a government owner keeping control takes into …
Persistent link: https://www.econbiz.de/10010320092
The promotion tournament as a potentially important incentive mechanism for top management in transition economies has not been examined by the emerging literature on managerial incentives in transition economies. This paper is the first attempt to fill this important gap in the literature. The...
Persistent link: https://www.econbiz.de/10010268884