privatization (i.e., IPO) has different effects depending on the types of owners to whom it gives control in corporate governance …

We construct and analyze a unique database with 1992-99 information on privatization transactions and labor … describe the post-privatization ownership structure and to test the effect of alternative privatization policies on firm … and domestic blockholders, but insider and mass privatization are also estimated to have positive, although smaller …

excel. Our study is the first in the privatization literature to go beyond performance comparisons and examine firm …

Privatization promotes economic efficiency and growth, thereby reinforcing macroeconomic adjustment. In the short run … impacts and the fiscal implications of privatization. It then reviews various methods of privatization and finds that public …` options for mitigating the social impact of privatization are surveyed, and experiences under adjustment programs reviewed …

years after privatization. Contrary to the increasing empirical evidence for non-transition economies, our privatized firms … privatization were country effects, timing of the privatization sales, industry classification, and state ownership after … privatization. Our findings are consistent with the empirical evidence that the transition process proved to be more difficult than …