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describe the post-privatization ownership structure and to test the effect of alternative privatization policies on firm …We construct and analyze a unique database with 1992-99 information on privatization transactions and labor … significant effect of private ownership share on the level and growth of labor productivity, the estimates ranging from 13 to 32 …
Persistent link: https://www.econbiz.de/10011402871
of the privatization policy and point to a large unfinished agenda in ownership transformation that has had an adverse … policy towards a more active role of the state, and use privatization policy as an example. The authors examine the effects … the pace of privatization. They find out that it is the increasing capture of the state by rent-seeking groups, and not …
Persistent link: https://www.econbiz.de/10011706387
about privatization method, focusing on the choice between free distribution (so called ‘mass privatization’) and management … firms off its hands. Although mass privatization apparently conflicts with revenue maximization, we show that nonetheless it … privatization is more likely to be chosen if the government is politically weak. -- Privatization methods ; Transition economies …
Persistent link: https://www.econbiz.de/10003342120
remaining in samples when estimating the effects of privatization or other ownership changes. We also show that one needs to …-oriented issue of why a large number of efficient firms disappeared during mass privatization in a booming economy of Montenegro …. Econometrically, we present the first study to look at firms that disappeared during a mass privatization transition, improving upon …
Persistent link: https://www.econbiz.de/10010226663
Economic self-interest and social considerations are the key determinants of public support for market reforms in transition countries. However, political strategies that rely mainly on public support for pushing through economic reforms have limited relevance if the prevailing institutional...
Persistent link: https://www.econbiz.de/10011471099
liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances … over 19 years to address a central question of fact: Did privatization help to promote local governments' fiscal discipline …? The answer is clearly ‘no' for privatization considered in isolation. However, privatization and subnational fiscal …
Persistent link: https://www.econbiz.de/10013102260
methods taken to restructure the ownership of state firms, such as full versus partial privatization. For China, a state …-capitalist nation and the world's largest state sector under transition, the mix of state and private ownership -- partial privatization …Does firm ownership change affect performance? On the basis of a mean-value analysis and a fixed effects panel analysis …
Persistent link: https://www.econbiz.de/10013074635
We employ 19,521 unique firms in 30 transition economies to investigate the relation between the origins of private firms and their financing patterns. In our sample, the private firms are either privatized former state-owned enterprises (SOEs) or ab initio (from the beginning) private firms....
Persistent link: https://www.econbiz.de/10012903516
excel. Our study is the first in the privatization literature to go beyond performance comparisons and examine firm …
Persistent link: https://www.econbiz.de/10013022955
of the privatization policy and point to a large unfinished agenda in ownership transformation that has had an adverse … policy towards a more active role of the state, and use privatization policy as an example. The authors examine the effects … the pace of privatization. They find out that it is the increasing capture of the state by rent-seeking groups, and not …
Persistent link: https://www.econbiz.de/10012986258