Similar Search Results

When Does Cash Matter? Evidence for Private Firms

Ehling, Paul - 2014

Using a database of more than 180,000 private companies from 2000 to 2009, we find that the benefits of holding more cash vary substantially with a firm's size and the conditions it faces. Cash holdings matter most for small firms: When there are negative shocks to industry or macroeconomic...

Persistent link: https://www.econbiz.de/10013065040

Public or Private? Determining the Optimal Ownership Structure

Brown, Gregory W. - 2020

We contend that the decision between public and private ownership can be understood in a cost-benefit framework where firms trade-off the governance benefits of private ownership with the potentially lower capital costs of public ownership. Consequently, ownership structure can be understood by...

Persistent link: https://www.econbiz.de/10012842610

The Public Sector and Privatization Policy

Malginov, Georgy - 2017

their capital, which previously were published as part of government privatization programs (from 2011 – for three …

Persistent link: https://www.econbiz.de/10012952675

Optimal Privatization Policy under Private Leadership in Mixed Oligopolies

Lin, Ming Hsin - 2017

We discuss optimal privatization policies in mixed oligopolies in which a public firm is the Stackelberg follower … (private leadership). We find that under constant marginal cost, the optimal degree of privatization is zero. When the marginal … cost is increasing, however, the optimal degree is never zero, and full privatization can be optimal. These results suggest …

Persistent link: https://www.econbiz.de/10012961727

Optimal Subsidies in the Competition Between Private and State-Owned Enterprises

Li, Mingzhi - 2019

Recent policy discussions have debated whether governments should treat state-owned and private enterprises equally or adopt different policies towards each type of enterprise. Such questions are pertinent for difficult economic climates in which government subsidy towards struggling state-owned...

Persistent link: https://www.econbiz.de/10012866797

Chang, Winston W. - 2016

This paper examines the optimal privatization policy in vertically related markets in which an upstream public firm … and the resulting profit margin is positive. However, complete privatization is never optimal. Numerical simulations … reveal both the diverse optimal privatization regimes and the patterns of optimal privatization levels with varying numbers …

Persistent link: https://www.econbiz.de/10013006896

Privatization and Environmental Policy in a Mixed Oligopoly

Dong, Quang - 2019

This paper analyzes the interaction between two political economy decisions by a government: whether to privatize a public firm and what environmental policy to choose (an environmental tax or an emission standard). We find that when market competition is weak the government does not privatize...

Persistent link: https://www.econbiz.de/10012858455

Performance Differential Between Private and State-Owned Enterprises : An Analysis of Profitability and Leverage

Phi, Nguyet Thi Minh - 2019

intensive and have higher labor costs. Thus, evidence from this study could be interpreted to mean that privatization could …

Persistent link: https://www.econbiz.de/10012861129

The Objective of a Privately Owned Firm Under Imperfect Competition

Bejan, Camelia - 2014

This paper proposes a model of imperfect competition among privately owned ﬁrms that act in the best interest of their shareholders. The existence of a solution for the model is proved under weaker conditions than the ones generally used in the literature. In particular, the results did not...

Persistent link: https://www.econbiz.de/10013051138

When Does Cash Matter? Evidence for Private Firms

Ehling, Paul - 2014

Using a database of more than 180,000 private companies from 2000 to 2009, we find that the benefits of holding more cash vary substantially with a firm's size and the conditions it faces. Cash holdings matter most for small firms: when there are negative shocks to industry or macroeconomic...

Persistent link: https://www.econbiz.de/10013052400