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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
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/10001610643
In this paper we analyze the evolution of firm financial efficiency in the Czech Republic. Using a large panel of more than 400,000 Czech firm/years we study whether firms fully utilize their resources, how firm financial efficiency evolves over time, and how firm financial efficiency is...
Persistent link: https://www.econbiz.de/10009129943
Persistent link: https://www.econbiz.de/10002436038
Persistent link: https://www.econbiz.de/10014461172
quickly diminish over time. -- firm divestiture ; corporate performance ; ownership changes ; privatization ; emerging markets …
Persistent link: https://www.econbiz.de/10008738365
changes ; privatization ; emerging markets ; endogeneity ; propensity score matching procedure …
Persistent link: https://www.econbiz.de/10009130271
Persistent link: https://www.econbiz.de/10003883111
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
This study examines changes in block ownership for a large sample of listed and non-listed German firms. The frequency of block trading is similar to other countries, and the vast majority of block trades leads to changes in ultimate ownership (control transfers). Such changes are more likely...
Persistent link: https://www.econbiz.de/10011445220