In this paper we analyze an entrepreneur /manager's choice between private and public ownership in a setting in which management needs some elbow room or autonomy to optimally manage the firm. In public capital markets, the corporate governance regime in place exposes the firm to exogenous...

The aim of this article is to summarize the results of published researches conducted in the area of influence of ownership forms on companies and financial performance and to highlight the specifics of these relations in the environment of transition economies. Several authors have documented...

In recent years the number of going private transactions has considerably increased in emerging markets. The purpose of this study is to define the financial characteristics of companies that have gone private using a dataset comprising Polish companies. By applying a probit model we were able...