Our research tests the difference in investment efficiency between state-owned enterprises (SOEs) and private firms and … then evaluates the effect of privatisation and equitisation policies on the investment efficiency of former state owned … spending. We find no evidence of investment spending being linked to marginal returns by SOEs across all sectors and size …

Using a stochastic frontier model and a comprehensive dataset, we study factors that affect corporate efficiency in … efficiency, and (iii) high competition is less conductive to efficiency than moderate or low competition. In terms of ownership …, we find that (iv) efficiency increases when a majority owner must deal with minority shareholders and that (v) domestic …

incentives. Limited partnership investment activities are governed by restrictive covenants that are determined by negotiated … on capital contributions of up to CAN$5,000. LSVCC investment activities are governed by statutory restrictions. This …

start-up enterprises if future losses of the start-up investment are partly covered by the government. …