The most common business enterprise form in Germany today is the Gesellschaft mit beschränkter Haftung (GmbH). The GmbH … longstanding practice; the GmbH, on the other hand, was the lawgiver's creation. Authorized in 1892, the GmbH appeared during a …) prevalent in many economies today. This paper traces the debates and the legislative process that led to the GmbH's introduction …

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 …