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Privatization and X-Inefficiency: A Bargaining Approach

Haskel, Jonathan; Sanchis, Amparo - C.E.P.R. Discussion Papers - 1995

The usual analysis of privatization and X-inefficiency uses agency theory to model managerial effort. We model worker … heart. Our model predicts that under certain conditions privatization should raise effort and so lower X-inefficiency, and …

Persistent link: https://www.econbiz.de/10005791614

Working in Public and Private Firms

Corneo, Giacomo; Rob, Rafael - C.E.P.R. Discussion Papers - 2001

We develop a theoretical framework for comparing the style of work in public and private enterprises. We incorporate ‘socializing’, as an activity that yields utility for workers and affects a firm’s output, into a simple multitask model of work organization. In contrast with previous...

Persistent link: https://www.econbiz.de/10005791698

German Unification: Economic Problems and Consequences

Neumann, Manfred J.M. - C.E.P.R. Discussion Papers - 1991

privatization is the most pressing issue. While it is important to eliminate the potential for inflation by redressing money growth …, rapid privatization of the thousands of state enterprises is the key to reshaping East Germany from the supply side. By … promoting the reallocation of East German capital and labour, a more rapid privatization will lead to large efficiency gains and …

Persistent link: https://www.econbiz.de/10005791728

Financial Reform in Eastern Europe: Progress With the Wrong Model

Corbett, Jennifer; Mayer, Colin - C.E.P.R. Discussion Papers - 1991

Eastern Europe is engaged in a massive programme of financial reform. This paper argues that while this programme has many desirable features, it has failed to address some of the most basic issues. These concern the relationship between the financial system and the enterprise sector, and the...

Persistent link: https://www.econbiz.de/10005791741

Privatization and Restructuring in Concentrated Markets

Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2005

This Paper examines the restructuring of state assets in markets deregulated by privatizations and investment liberalizations. We show that a net revenue maximizing government has a stronger incentive to restructure than a profit maximizing acquiring firm: A restructuring firm only takes into...

Persistent link: https://www.econbiz.de/10005792109

From Federalism, Chinese Style, to Privatization, Chinese Style

Yuanzheng, Cao; Qian, Yingyi; Weingast, Barry - C.E.P.R. Discussion Papers - 1998

progress in two areas: privatization of small state-owned enterprises (SOEs) at the county level and mass lay-offs of excess … politically sensible ways. We then argue that privatization, Chinese style, rests on an adequate economic and political foundation … induced Chinese style privatization. …

Persistent link: https://www.econbiz.de/10005792177

Post‐Soviet Reform in Latvia: Early Progress and Future Prospects

Martinsons, Maris G.; Valdemars, Krisjanis - In: Journal of Economic Studies 19 (1992) 6

After the rapid and dramatic demise of the Soviet Union in 1991, 15 ewly autonomous republics are restructuring their economies after decades of central Communist planning. The three Baltic states of Latvia, Lithuania and Estonia had successful market‐oriented economies during more than two...

Persistent link: https://www.econbiz.de/10014863421

Partial privatization and bank performance: evidence from India

Sarkar, Subrata; Sensarma, Rudra - In: Journal of Financial Economic Policy 2 (2010) 4, pp. 276-306

Purpose – The purpose of this paper is to examine the impact of partial privatization on performance of state …‐owned banks using data from the Indian banking industry during the period 1986‐2003, and test the hypothesis that privatization … employed to assess the impact of partial privatization on these performance indicators. Findings – Partial privatization was …

Persistent link: https://www.econbiz.de/10014866832

The complementary/substitution effects of post-privatization corporate governance mechanisms on firm performance in selected MENA countries

Hassoun, Amira Ben; Aloui, Chaker - In: Journal of Accounting in Emerging Economies 7 (2017) 3, pp. 399-420

improve performance of NPFs. Overall, these findings suggest that in the presence of agency problems within privatization … paper extends the understanding of the determinants of the post-privatization performance in MENA region. It fills the … privatization literature void by introducing Big Four auditors as an external governance mechanism. To the authors’ knowledge, the …

Persistent link: https://www.econbiz.de/10014839626

Changing control and accounting in an African gold mine

Tsamenyi, Mathew; Hopper, Trevor; Uddin, Shahzad - In: Journal of Accounting & Organizational Change 13 (2017) 2, pp. 282-308

Purpose The paper aims to examine accounting changes in the Ashanti Gold Corporation (AGC) in Ghana over 120 years from pre-colonialism to recent times and whether the framework of management accounting transformations in Hopper et al. (2009) is applicable. Design/methodology/approach Mixed data...

Persistent link: https://www.econbiz.de/10014840563