Chong, Alberto; Guillen, Jorge; López-de-Silanes, Florencio - In: Journal of Public Economics 95 (2011) 9, pp. 1119-1130
Using new data we analyze retrenchment programs before privatization, their effect on prices paid and re … labor retrenchment policies have a negative impact on net privatization prices, even after taking sample selection bias and … endogeneity into account. Some downsizing policies may lead to a higher frequency of post-privatization re-hiring. Skill …