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regarding privatization towards the proper management of water infrastructure. Future studies would benefit from analyzing …
Persistent link: https://www.econbiz.de/10009475605
, risks and costs associated with international collaboration are also found in the literature, including the privatization …
Persistent link: https://www.econbiz.de/10009475904
Actual investment performance reflects the underlying strategy of the portfolio manager and the execution costs incurred in realizing those objectives. Execution costs, especially in illiquid markets, can dramatically reduce the notional return to an investment strategy. This paper examines the...
Persistent link: https://www.econbiz.de/10009476685
This paper uses a survey of 3,300 firms in 25 transition countries to shed light on the factors that influence restructuring by firms and their subsequent performance as measured by growth in sales and in sales per employee over a three-year period. We begin by surveying what a decade of...
Persistent link: https://www.econbiz.de/10009476768
mass privatization program) creates severe supply-and-demand shocks for enterprises, inducing firm failure. This leads to a …
Persistent link: https://www.econbiz.de/10009476836
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 …
Persistent link: https://www.econbiz.de/10009476867
This paper explores the effect of mass privatization and the development of a new private sector in Russia on the wage … rather than increased efficiency due to privatization, although the evidence is inconclusive on this point. …
Persistent link: https://www.econbiz.de/10009476870
regional differences in early privatization as instruments to estimate the effect of small enterprises on income distribution …. Early privatization is a plausible source of variation in small enterprises because it can either foster or deter entry and ….25 percentage points in the Russian regions between 1995 and 2001. Our results suggest that early privatization in Poland was more …
Persistent link: https://www.econbiz.de/10009476918
large, independent effects on efficiency: in 1993, a full privatization is estimated to increase plant-level total factor … productivity by 23 percentage points. Even without privatization, however, eliminating soft loans could raise total factor …
Persistent link: https://www.econbiz.de/10009477029
Using data from a recent survey of bank and enterprise managers and government officials in southern China, we present a new explanation for the rise and fall of collectively-owned township and village enterprises (TVEs) based on the willingness of banks to finance collective enterprise...
Persistent link: https://www.econbiz.de/10009477032