Using data from a recent survey of bank and enterprise managers and government officials in southern China, we present … willingness of banks to finance collective enterprise development. Until recently bank loans to TVEs exhibited the key features of …

of enterprise restructuring in the SOEs and the TVEs. Second, we investigate how the alternative reform strategy has … principal targets of reforms, among SOEs, and better performing enterprises being more likely to be picked for privatization … better than those in which the majority of shares are owned privately. We find mixed evidence for the TVEs: privatization had …

There is a continuing debate on whether or not ownership changes accompanying privatization of state-owned enterprises … of telecommunication firms around the world, 4 years before and 4 years after privatization, using two parallel measures … could corroborate stronger evidence for or against maintained hypothesis of performance improvements after privatization …

and revisits policy implications. Practical implications – No one policy fits all in Indonesia for privatization programme …

Privatization and market liberalization are widely considered to be complementary reforms in transition economies. This … pursued too vigorously, privatization may actually impede the transition process following market liberalization. Our result … analysis, less than full privatization is optimal when the costs of learning are sufficiently important. …

This paper examines the fiscal impact of privatization revenues in 47 developing countries. There are many reasons that … privatization is attractive for the central government of developing countries. If substantial, these revenues from the sale of … state owned enterprises can present a potential solution to persistent deficits. On the other hand, the privatization …

mass privatization program) creates severe supply-and-demand shocks for enterprises, inducing firm failure. This leads to a … enterprise sector, since the state can no longer support the institutions necessary for the effective functioning of capitalist …

We analyze the effect of ownership on post-privatization performance in a virtually complete population of medium and … large firms privatized in a model large-scale privatization economy (Czech Republic). We find that concentrated foreign …