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Does Ownership Matter? The Performance and Efficiency of State Oil vs. Private Oil (1987-2006)
Wolf, Christian O. H. - 2009
This paper investigates the existence of ownership effects in the global oil and gas industry, i.e. whether there are systematic performance and efficiency differentials between National Oil Companies (NOCs) and privately-owned International Oil Companies (IOCs). After discussing key issues of...
Persistent link: https://www.econbiz.de/10014217790
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Residual State Ownership, Policy Stability and Financial Performance Following Strategic Decisions by Privatizing Telecoms
Vaaler, Paul M.; Schrage, Burkhard N. - 2008
-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 …
Persistent link: https://www.econbiz.de/10014047034
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The effects of privatization and corporate governance of soes in transition economy : the case of Kazakhstan
Lee, Keun Jung - 2020
privatization (i.e., IPO) has different effects depending on the types of owners to whom it gives control in corporate governance …
Persistent link: https://www.econbiz.de/10012212672
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Does ownership matter? : the performance and efficiency of state oil vs. private oil (1987 - 2006)
Wolf, Christian - 2008
Persistent link: https://www.econbiz.de/10003850965
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State ownership, political ideology, and firm performance around the world
Aguilera, Ruth V.; Duran, Patricio; Heugens, Pursey; … - In: Journal of world business : JWB 56 (2021) 1, pp. 1-18
Persistent link: https://www.econbiz.de/10012489372
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State-invested enterprises in the global marketplace : implications for a level playing field
Christiansen, Hans; Kim, Yunhee - 2014
State-owned and other state-invested enterprises (SIEs) have become more prominent in the global economy over the last decade. A growing role for state-invested enterprises in the marketplace is not in itself onerous. According to an OECD consensus, as expressed through the Organisation’s...
Persistent link: https://www.econbiz.de/10010382770
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Governance Challenges of Listed State-Owned Enterprises Around the World : National Experiences and a Framework for Reform
Milhaupt, Curtis J. - 2017
, privatization. In this article, we evaluate the governance challenges associated with mixed ownership of enterprise, and examine a …
Persistent link: https://www.econbiz.de/10012960000
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Leviathan in Business : Varieties of State Capitalism and Their Implications for Economic Performance
Musacchio, Aldo; Lazzarini, Sergio G. - 2012
In this paper we document the extent and reach of state capitalism around the world and explore its economic implications. We focus on governmental provision of capital to corporations – either equity or debt – as a defining feature of state capitalism. We present a stylized distinction...
Persistent link: https://www.econbiz.de/10014169182
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Minority Rules : Credible State Ownership and Investment Risk Around the World
James, Barclay; Vaaler, Paul M. - 2018
Research in management and related fields largely assumes that host-country state (state) ownership in investment projects raises risk for private co-investors. We question that assumption in theorizing that minority state ownership may actually decrease investment risk in host countries where...
Persistent link: https://www.econbiz.de/10014129533
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State Ownership and Corporate Leverage Around the World
De Haas, Ralph; Guriev, Sergei; Stepanov, Alexander - 2022
Does state ownership hinder or help firms access credit? We use data on almost 4 million firms in 89 countries to study the relationship between state ownership and corporate leverage. Controlling for country-sector-year fixed effects and conventional firm-level determinants of leverage, we show...
Persistent link: https://www.econbiz.de/10013289156