profitability and solvency. Using cross-sectional data covering over 25,000 firms worldwide and by employing various empirical … intensive and have higher labor costs. Thus, evidence from this study could be interpreted to mean that privatization could …

transition from a centrally planned to a market economy. This paper examines a key feature of this transition – the privatization … primary data from a variety of sources, we study how privatization of listed SOEs affects employment, wages, profits and other … aspects of economic performance at the firm level. Our major finding is that privatization results in substantial downsizing …