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The Sources of Public Ownership : Historical Evidence from the Gas Industry
Troesken, Werner - 1997
I develop and test three theories of public ownership: a small markets hypothesis; a commitment hypothesis; and a patronage hypothesis. The empirical analysis employs a cross section of 1,274 public and private gas companies operating in 1911. With these data, I find the following patterns: gas...
Persistent link: https://www.econbiz.de/10014060673
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Privatization and Productivity in Romanian Industry: Evidence from a Comprehensive Enterprise Panel
Earle, John S.; Telegdy, Álmos - 2001
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
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Privatization and productivity in Romanian industry : evidence from a comprehensive enterprise panel
Earle, John S.; Telegdy, Álmos - 2001
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/10011402871
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Local Government Control and Efficiency of the Water Industry: An Empirical Analysis of Water Suppliers in East Germany
Haug, Peter - 2007
The paper deals with the effects of local governments' interference with business affairs of publicly owned utilities. A partial model is presented to illustrate the consequences of "democratic control" for the public managers' effort and the efficiency of local public production. To check the...
Persistent link: https://www.econbiz.de/10010269922
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Local government control and efficiency of the water industry : an empirical analysis of water suppliers in East Germany
Haug, Peter (contributor) - 2007
The paper deals with the effects of local governments’ interference with business affairs of publicly owned utilities. A partial model is presented to illustrate the consequences of democratic controlʺ for the public managers’ effort and the efficiency of local public production. To check...
Persistent link: https://www.econbiz.de/10003435451
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Beyond Ownership : State Capitalism and the Chinese Firm
Milhaupt, Curtis J. - 2015
Chinese state capitalism has been treated as essentially synonymous with state-owned enterprises (“SOEs”). But drawing a stark distinction between SOEs and privately owned enterprises (“POEs”) misperceives the reality of China's institutional environment and its impact on the formation...
Persistent link: https://www.econbiz.de/10013033935
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Bank ownership, board characteristics and performance : evidence from commercial banks in India
Sarkar, Jayati; Sarkar, Subrata - In: International Journal of Financial Studies : open … 6 (2018) 1, pp. 1-30
We study the effect of board governance in state-owned and private banks by undertaking a study of commercial banks in India that has both bank groups. Covering a ten-year period from 2003 to 2012 that witnessed a large number of governance reforms in India, the results of our empirical analysis...
Persistent link: https://www.econbiz.de/10011852430
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Is privatization working in Ukraine? : new estimates from comprehensive manufacturing firm data, 1989 - 2013
Brown, J. David; Earle, John S.; Shpak, Solomiya; … - 2015
data permit us to track the privatization process and to estimate the impact of privatization within industry-year cells … majority privatized versus state-owned firms. The gap increases with time since privatization, reaching about 15-17% five years … after privatization. It also increases with calendar time although recent privatizations are associated with smaller …
Persistent link: https://www.econbiz.de/10011309155
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Monitoring the governance of state-owned enterprises : assessing the impact of corporate governance reforms in Brazil
Coelho, Daphne; Teodorovicz, Thomaz; Fritscher, André … - 2024
State-owned enterprises (SOEs) are often justified for correcting market failures, providing essential public services, and fulfilling social objectives. Yet, SOEs face unique governance challenges as agency conflicts usually increase with state ownership. This paper examines Brazil's efforts to...
Persistent link: https://www.econbiz.de/10015054007
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Privatization, Investment and Ownership Efficiency
Friberg, Richard; Norbäck, Pehr-Johan; Persson, Lars - 2008
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