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This paper is an attempt to evaluate the application of Corporate Governance framework issue within Public domain. It is an attempt to quantify the compliance of Greek companies with international best practices
Persistent link: https://www.econbiz.de/10014181545
The privatization literature depicts the choice whether to contract out as a tradeoff between excessive private … it is kept in-house. Therefore, privatization decisionmakers and monitoring agencies may be more prone to capture when …
Persistent link: https://www.econbiz.de/10014051182
A wide range of services provided by the public sector are credence goods, i.e., services for which the producer has private information whether a certain treatment is needed or not. This paper studies how ownership affects the incentives for producers to reveal such information to public...
Persistent link: https://www.econbiz.de/10014214888
It will be some time before we can fully appreciate the radical nature of the socio-economic effects produced by the global crisis of the end of the first decade of the twenty first century. However, it is already evident that the two leading market economic systems of the Western world – that...
Persistent link: https://www.econbiz.de/10014164527
Disappointment with insider trading in Russia, with voucher privatization in the Czech Republic, and with the … privatization of infrastructure in many developing countries has spawned new critiques of privatization. How do theory and empirical … privatization mean that privatized firms perform worse than state enterprises? Shirley and Walsh's review found greater ambiguity …
Persistent link: https://www.econbiz.de/10014135075
their capital, which previously were published as part of government privatization programs (from 2011 – for three …
Persistent link: https://www.econbiz.de/10012952675
privatization. In solving the (n 1)-firms oligopoly model we make use of aggregative games techniques. Our analysis reveals that … privatization reduces the optimal R&D subsidy, but increases aggregate R&D effort. Furthermore, privatization improves social … to R&D does not lead to a ‘privatization neutrality theorem' or, ‘irrelevance result' …
Persistent link: https://www.econbiz.de/10012921803
form of ownership, and the corresponding estimation of privatization in the context of the advantages and disadvantages of … the public and private sectors of the national economy. Various interpretations of the fundamental privatization theorem … trends in Russia's de-statization policy in 2010-2013 are analyzed in the context of ‘reluctant privatization', with special …
Persistent link: https://www.econbiz.de/10013058416
firms undertake them if incentives are strong enough. -- Privatization ; public sector contracting ; incomplete contracts …
Persistent link: https://www.econbiz.de/10003456076
Many comparisons of the performance of public and private producers use a public/private ownership dummy variable to capture cost differences in cross section data. This is appropriate if the producer choice is random. The dummy variable model is, however, logically inconsistent if the producer...
Persistent link: https://www.econbiz.de/10011586275