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economies that posits a key role for government in the efficient operation of markets. Privatization makes a big difference in …
Persistent link: https://www.econbiz.de/10005001411
This paper analyzes the relationship between intermunicipal cooperation and efficiency of public service provision. The …. We employ a two-stage DEA (DEA = Data Evelopment Analysis) bootstrap approach to calculate relative efficiency measures … municipalities score lower in terms of technical efficiency than self-providing and contracting municipalities. The scope for …
Persistent link: https://www.econbiz.de/10010951634
autonomy being a preferred reform instrument in many countries, and of ten chosen over privatization. Using longitudinal data … partial privatization for a subset of enterprises, a unique contribution of the study lies in investigating whether ownership … divestiture through partial privatization has any effect once enterprises are imparted managerial autonomy, or whether ownership …
Persistent link: https://www.econbiz.de/10010903913
Using data from the World Bank's Enterprise Surveys, we test two interesting results that emerge from the theoretical model presented in Shleifer and Vishny (1994) that studies bargaining between politicians and managers of state-owned firms. Shleifer and Vishny's model suggests that firms with...
Persistent link: https://www.econbiz.de/10011114420
Until autumn 1997 the year was proclaimed to be the concluding year of privatization. The State and Privatization Trust … succeeded in escaping two traps set by the election cycle. One was the slowing down of campaign-like privatization and its … success criterion of privatization, but merely because of the logic of exposition: the presentation of summary data provides …
Persistent link: https://www.econbiz.de/10010963190
foreign, non-financial firms play a significant part. Foreign corporate owners have a beneficial effect on the efficiency and …
Persistent link: https://www.econbiz.de/10010963237
Persistent link: https://www.econbiz.de/10010963418
and efficiency. The authors show that the data do not at all confirm the hypotheses worked out in the early nineties for … multinational. Based on the analysis of the ownership structure of big firms, of the relationship between property and efficiency as …
Persistent link: https://www.econbiz.de/10010963476
A tanulmány alapjául szolgáló empirikus felvétel abból indult ki, hogy az átalakuló országokban a beruházási tevékenység változása, a vállalati beruházások növekedése jól jelzi a tömeges stratégiai alkalmazkodás kezdetét. A szerző négy ország (Lengyelország,...
Persistent link: https://www.econbiz.de/10010963581
The Russian corporate governance has evolved since the 1998 financial crisis. The author examines both normalization and preservation in the corporate structure, which can simultaneously be observed in the adaptation of Russian enterprises. The Russian corporate governance reflects the unique...
Persistent link: https://www.econbiz.de/10010859282