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 …

' current income (dividends) is moderated by technical efficiency (te) and profitability. The study employs econometrics on … profitability, efficiency, and dividend distribution choices to ascertain whether the companies' operating effectiveness and … accountability in decisions about dividend distribution, regardless of efficiency and profitability. The study's originality is in …