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Ownership structure and firm performance: Evidence from the Chinese corporate reform
Kang, Young-Sam; Kim, Byung-Yeon - In: China Economic Review 23 (2012) 2, pp. 471-481
state-owned enterprises outperform firms controlled by the government, indicating that partial privatization of state …
Persistent link: https://www.econbiz.de/10010875335
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PRIVATIZATION AND SURVIVAL – EVIDENCE FROM A RUSSIAN FIRM SURVEY
Sprenger, Carsten - In: Economic Annals 59 (2014) 200, pp. 43-43
rapidly changing conditions in a transition economy. The analysis is focused on the question of whether privatization and … liquidated over the period 1999 to 2013. We find that privatization and the choice of privatization option have no effect on the …
Persistent link: https://www.econbiz.de/10010938611
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Report on the structure of ownership in the financial sector across the EU
Jurek, Michal - Financialisation, Economy, Society & Sustainable … - 2013
The purpose of this report is to analyse the structure of ownership in the financial sector in the selected old (France, Germany, Greece, Italy, Sweden, the United Kingdom) and new (the Czech Republic, Hungary, Poland) EU Member States. This subject is particularly important to the proper...
Persistent link: https://www.econbiz.de/10010925521
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State Ownership: Quick Privatization or Effective Governance?
Dolgopyatova, T. - In: Journal of the New Economic Association 25 (2015) 1, pp. 178-183
the 1990's was characterized by mass privatization and lack of attention to the procedures of corporate governance in …. The article discusses actual goals and various ways of company privatization. The need for a new wave of privatization in … during the privatization process. …
Persistent link: https://www.econbiz.de/10011276278
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Spinoffs, Privatization and Corporate Performance in Emerging Markets
Hanousek, Jan; Kocenda, Evzen; Svejnar, Jan - EconWPA - 2004
We use new firm-level data to examine the effects of spinoffs and privatization on corporate performance in a rapidly … spinoffs increase the firm’s profitability but do not alter its scale of operations, while the effect of privatization … consistent with tunneling (looting) by managers or (partial) owners. The effects of privatization are hence much less clear …
Persistent link: https://www.econbiz.de/10005077066
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Ownership and Firm Performance after Large-Scale Privatization
Kocenda, Evzen; Svejnar, Jan - Center for Economic Research and Graduate Education and … - 2003
We analyze the effect of ownership on post-privatization performance in a virtually complete population of medium and … large firms privatized in a model large-scale privatization economy (Czech Republic). We find that concentrated foreign …
Persistent link: https://www.econbiz.de/10005086656
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Effect of the Czech Firms Break-Up on their Profitability and Productivity
Kočenda, Evžen; Hanousek, Jan - In: Politická ekonomie 2011 (2011) 5, pp. 579-598
In this article we analyze medium- and long-term effects of firm break-up (and subsequent change in ownership) on its profitability and productivity. We use an extensive data-set of the Czech firms for the period 1996-2005. We employ the propensity score based matching methodology to account for...
Persistent link: https://www.econbiz.de/10009368420
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THE USE OF EXCHANGEABLE BONDS DURING THE PRIVATIZATION PROCESS
KaŸmierczak, Damian; Jakub Marsza³ek - In: "e-Finanse" 9 (2014) 4, pp. 86-95
In our article we present the use of hybrid securities in the privatization process. We show that exchangeable bonds … may be successfully applied during privatization of state companies throughout the world. It may be profitable for many … privatization processes by means of exchangeable bonds i.a. in Germany and in Austria. Most of such operations, e.g. German Deutsche …
Persistent link: https://www.econbiz.de/10010815427
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Spinoffs, Privatization and Corporate Performance in Emerging Markets
Hanousek, Jan; Kocenda, Evzen; Svejnar, Jan - William Davidson Institute, University of Michigan - 2004
We use new firm-level data to examine the effects of spinoffs and privatization on corporate performance in a rapidly … spinoffs increase the firm’s profitability but do not alter its scale of operations, while the effect of privatization depends … consistent with tunneling (looting) by managers or (partial) owners. The effects of privatization are hence much less clear …
Persistent link: https://www.econbiz.de/10005784623
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The Effects of Ownership Forms and Concentration on Firm Performance after Large-Scale Privatization
Svejnar, Jan; Kocenda, Evzen - William Davidson Institute, University of Michigan - 2002
We analyze the effect of ownership on post-privatization performance in a virtually complete population of medium and … large firms privatized in a model large-scale privatization economy (Czech Republic). We reject the hypothesis that domestic …
Persistent link: https://www.econbiz.de/10005784695