-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 … remaining in samples when estimating the effects of privatization or other ownership changes. We also show that one needs to …

Even though it is well documented that privatization leads to an improvement in the performance of state … because it does not consider the performance of control firms of similar pre-privatization situations, i.e. the performance of … following privatization. Matching sample firms (privatized) to control firms (SOEs), I document that privatized firms do not …

This paper is the first to investigate an alternative approach of privatization: privatizing only a subsidiary of a … portion of the firm's stocks to private investors (entirety privatization), we consider only a subsidiary of the public firm … is privatized (subsidiary privatization). We find that subsidiary privatization not only improves social welfare …

While it is well documented that privatization leads to an improvement in the performance of state-owned enterprises … similar pre-privatization situations, i.e. the performance of SOEs. By matching sample firms (privatized) to control firms …, which might put into question the benefits of privatization in Egypt. However, the caveat here is that the findings of no …

countries and show that the dividend premium is significantly positively related to new agency costs induced by privatization …

We compare innovation strategies of public and private firms based on a large sample over the period 1997-2008. We find …