We construct and analyze a unique database with 1992-99 information on privatization transactions and labor … describe the post-privatization ownership structure and to test the effect of alternative privatization policies on firm … and domestic blockholders, but insider and mass privatization are also estimated to have positive, although smaller …

This paper is the first to investigate an alternative approach of privatization: privatizing only a subsidiary of a … portion of the firm's stocks to private investors (entirety privatization), we consider only a subsidiary of the public firm … is privatized (subsidiary privatization). We find that subsidiary privatization not only improves social welfare …

-controlling or "residual" state ownership framework, grounded in credible privatization and institutional theory. We propose that: 1 … signals state support for managerial initiatives; 2) the passage of time since initial privatization negatively affects … turn negative at higher state ownership levels. CARs turn sharply negative within 1-2 years from initial privatization …

. Over time, this effect increases. An alternative "credible" privatization perspective suggests that retention of … CARs and time since initial privatization for telecoms from emerging markets. The influence of residual state factors on …

State that came along with a privatization wave, which was characterized by the dismantling of local monopoly. For many … governments, the privatization of SOEs is considered an effective mean that would improve economic efficiency and external … competitiveness, and would also reduce public deficit. This paper analyzes the impact of privatization on the performance of SOEs in …