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effects, we examine the relationship between state bureaucracy and the impact of privatization on firm productivity. We find … is driven by the impact of bureaucracy on the post-privatization business environment, with better institutional support …
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's bureaucracy, which can be centralized or decentralized, and characterize the 'corruptibility' of bureaucrats in each case. Results …
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In many transition economies, insiders controlled state-owned firms, de facto. For such firms, we model the decision about privatization method, focusing on the choice between free distribution (so called ‘mass privatization’) and management-employee buyouts. We incorporate a political...
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privatization effects, we examine the relationship between state bureaucracy and the impact of privatization on firm productivity … this effect is driven by the impact of bureaucracy on the post-privatization business environment, with better … institutional support and less corruption when bureaucracies are large. -- privatization ; bureaucracy ; economic reform ; Russia …
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