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Control Changes and Firm Performance in Banking

Delfino, Maria Eugenia - In: International Journal of the Economics of Business 14 (2007) 2, pp. 261-281

privatization, foreign acquisition of domestic banks and mergers and acquisitions among local institutions. Bank productivity is … privatization had a positive short-term effect on productivity in part as a result of efficiency gains, which were then gradually …

Persistent link: https://www.econbiz.de/10005471739

Beyond Privatization. The second Wage of telecommunications reforms in Mexico.

Wellenius, B.; Staple, G. - World Bank Group - 1996

From 1989 to 1994 the government of Mexico carried out a major restructuring of the telecommunications sector. Telefonos Mexico was privatized, and cellur, value-added and private networks and services were liberalized. In late 1994 the government moved toward further opening up the market, this...

Persistent link: https://www.econbiz.de/10005479251

Privatization, Competition and Reform Strategies: Theory and Evidence from Russian Enterprise Panel Data

Brown, J David; Earle, John S - C.E.P.R. Discussion Papers - 2001

distinguishes two aspects of privatization interacting with market opening: privatization of a firm and privatization of its …

Persistent link: https://www.econbiz.de/10005114270

Privatization and Foreign Competition

Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2001

This Paper determines the equilibrium market structure in a mixed international oligopoly, where the state enterprise's assets are sold at an auction. The model suggests that low greenfield costs and low trade costs induce foreign acquisitions. The intuition is that domestic firms can then not...

Persistent link: https://www.econbiz.de/10005114299

Privatization, Entry Regulation and the Decline of Labour's Share of GDP: A Cross-Country Analysis of the Network Industries

Azmat, Ghazala; Manning, Alan; Van Reenen, John - C.E.P.R. Discussion Papers - 2007

-experiment in the OECD: the privatization of many network industries (e.g. telecommunications and utilities). We present a model … labour share, employment and wages respond to privatization and other regulatory changes. We exploit cross-country panel data … on several network industries and find that privatization can account for a significant proportion of the fall of labour …

Persistent link: https://www.econbiz.de/10005114490

How well do institutional theories explain firms'perceptions of property rights?

Ayyagari, Meghana; Demirguc-Kunt, Asli; Maksimovic, Vojislav - Economics Research, World Bank Group - 2005

The authors examine how well several institutional and firm-level factors and their interactions explain firms'perceptions of property rights protection. Their sample includes private and public firms that vary in size from very small to large in 62 countries. Together, the institutional...

Persistent link: https://www.econbiz.de/10005115829

Stock market development under globalization : whither the gains from reforms ?

de la Torre, Augusto; Gozzi, Juan Carlos; Schmukler, … - Economics Research, World Bank Group - 2007

development. These reforms included stock market liberalization, privatization programs, and the establishment of regulatory and …

Persistent link: https://www.econbiz.de/10005115992

Beyond legal origin and checks and balances : political credibility, citizen information, and financial sector development

Keefer, Philip - Economics Research, World Bank Group - 2007

The existing literature emphasizes and contrasts the role of political checks and balances and legal origin in determining the pace of financial sector development. This paper expands substantially on one aspect of this debate: the fact that government actions that promote financial sector...

Persistent link: https://www.econbiz.de/10005116429

Regulatory agencies : impact on firm performance and social welfare

Estache, Antonio; Rossi, Martin A. - Economics Research, World Bank Group - 2008

The authors explore the relation between the establishment of a regulatory agency and the performance of the electricity sector. The authors exploit a unique dataset comprising firm-level information on a representative sample of 220 electric utilities from 51 development and transition...

Persistent link: https://www.econbiz.de/10005116700

Does Privatization Raise Productivity? Evidence from Comprehensive Panel Data on Manufacturing Firms in Hungary, Romania, Russia, and Ukraine

Brown, J. David; Earle, John S.; Telegdy, Almos - W.E. Upjohn Institute for Employment Research - 2004

We analyze the impact of privatization on multifactor productivity (MFP) using long panel data for nearly the universe … employing a wide variety of measurement approaches, we estimate that majority privatization raises MFP about 28 percent in … it about 4 percent. Privatization to foreign rather than domestic investors has a larger impact (about 44 percent) and is …

Persistent link: https://www.econbiz.de/10005116752