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We examine how information disclosures from private firms affect analysts’ public firm earnings forecasts. On one hand, private firm disclosures allow analysts to better understand industry-wide business conditions, enabling them to forecast the peer public firm earnings more accurately. On...
Persistent link: https://www.econbiz.de/10014362262
Persistent link: https://www.econbiz.de/10014265603
private investors in the privatization of state-owned enterprises (SOEs). We find that the managers of listed Chinese SOEs … turnover rate in the year following the privatization. These findings highlight the need to consider the opportunism of …
Persistent link: https://www.econbiz.de/10013121129
In Romania, as in many Central and Eastern Europe countries, during the communist regime all the banks were owned by the state and their activities were circumscribed by rigid norms. After the communist regime had fallen, the state owned banks had to adapt to a competitive environment. The...
Persistent link: https://www.econbiz.de/10013099045
This paper explores how political connections can influence the likelihood of “going global” by assisting privately owned enterprises (POEs) in China to complete cross-border acquisitions. Using a sample of Chinese POEs from 2007 to 2016, we show that politically connected POEs are more...
Persistent link: https://www.econbiz.de/10012962046
In this paper we examine the link between state ownership and the choice of public debt versus bank debt in an international context. Using a large sample of privatized firms from 62 countries over the 2001-2014 period, we find that state ownership is significantly positively associated with the...
Persistent link: https://www.econbiz.de/10012934343
Although state-owned enterprises (SOEs) are recognized as important economic actors, the literature to date has assumed close state control over SOEs and therefore their passive stance towards institutions. Drawing on the institutional work and historical institutionalism literatures, we...
Persistent link: https://www.econbiz.de/10013231836
This paper provides an overview of the possible linkages between state-owned banks, privatization, and banking sector … provide guidance to policymakers regarding bank privatization …
Persistent link: https://www.econbiz.de/10013318096
This paper seeks to detect (post) crisis tendencies in the international activities of state-owned enterprises (SOE) and sovereign wealth funds (SWF) and identify the main challenges posed in exploring this topic. In doing so it draws on the inductive approach and qualitative method and...
Persistent link: https://www.econbiz.de/10012026145
This paper examines the role of the Nigerian Stock Exchange in the privatization and commercialization of public … programme, privatization and commercialization have impacted seriously on the absorptive capacity of the market.It was … savings and its mobilization through the stock exchange and avoid unnecessary interference in the privatization programmes …
Persistent link: https://www.econbiz.de/10013094948