-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 …

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

In the paper, the interdependency between privatization and the growth of a new private sector is examined. While the … sector is needed to reduce unemployment and thus make further privatization possible. Since privatization is a lengthy …