In this paper we estimate the effects of the 1991 breakups of Czechoslovak state owned enterprises (SOEs) on subsequent performance of the master enterprises and the spun-off units. Our analysis is based on quarterly and annual data of Czechoslovak industrial enterprises. We estimate the...

The paper analyzes the behavior of managers during restructuring of state owned enterprises (SOEs) in the period of price control. The massive wave of breakups of the SOEs that occurred in Czechoslovakia in 1990-91 has been investigated. A simple model that describes the process and yields...

Using firm-level data, we estimate the effects of the major wave of 1991 breakups of Czechoslovak state-owned enterprises on the subsequent performance of the "master enterprises" and spun-off divisions. We estimate the performance effects of spinoffs by comparing the performance of enterprises...