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for monitoring the performance of the public enterprises considered for privatization. The paper incorporates measures … transitional performance in Egypt as a developing transition economy. The results conclude that transparency of public enterprise …
Persistent link: https://www.econbiz.de/10014068280
determines whether such performance differs across firms according to their new ownership structure. The Egyptian privatization … program provides unique post-privatization data on different ownership structures. Since most studies do not distinguish … between the types of ownership, this paper provides new insight into the impact that post-privatization ownership structure …
Persistent link: https://www.econbiz.de/10013004377
witness any significant improvement in their performance, which questions the benefits of privatization in Egypt. …Even though it is well documented that privatization leads to an improvement in the performance of state … because it does not consider the performance of control firms of similar pre-privatization situations, i.e. the performance of …
Persistent link: https://www.econbiz.de/10011597814
majority initial public offerings. Keywords: Privatization, SOEs, Egypt, Ownership Structure … determines whether such performance differs across firms according to their new ownership structure. The Egyptian privatization … program provides unique post-privatization data on different ownership structures. Since most studies do not distinguish …
Persistent link: https://www.econbiz.de/10014126013
, which might put into question the benefits of privatization in Egypt. However, the caveat here is that the findings of no … needed before these results could be considered conclusive. Keyword: SOEs, Privatization, Middle East, and Egypt …While it is well documented that privatization leads to an improvement in the performance of state-owned enterprises …
Persistent link: https://www.econbiz.de/10014117134
The phenomenon of underpricing initial public offerings is documented for 53 share issue privatizations in Egypt …
Persistent link: https://www.econbiz.de/10012785674
We analyze the extent of the integrated control of the state over privatized firms during the post-privatization decade … bureaucracy are the most likely reasons behind our findings. -- state ownership ; control ; corporate performance ; privatization …
Persistent link: https://www.econbiz.de/10003887481
-oriented issue of why a large number of efficient firms disappeared during mass privatization in a booming economy of Montenegro …. Econometrically, we present the first study to look at firms that disappeared during a mass privatization transition, improving upon … remaining in samples when estimating the effects of privatization or other ownership changes. We also show that one needs to …
Persistent link: https://www.econbiz.de/10010226663
This paper evaluates the performance of Italian local public enterprises (LPEs) with respect to their private sector counterparts. We address the following questions: i) do LPEs perform worse than (comparable) private firms?; ii) does the performance gap depend on the ownership structure (the...
Persistent link: https://www.econbiz.de/10012941994
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 …
Persistent link: https://www.econbiz.de/10012967181