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French law mandates that employees of large publicly listed companies be allowed to elect two types of directors to represent employees. First, partially privatized companies must reserve two or three (depending on board size) board seats for directors elected by employees by right of...
Persistent link: https://www.econbiz.de/10011074058
this sector has been due to external factors of change such as privatization processes that took place mainly during the … factors: privatization and technological advances. In order to understand privatizations in economic policies carried out in … with Total Factor Productivity (TFP) and Index of Malmquist. The results indicate that the process of privatization and …
Persistent link: https://www.econbiz.de/10011075980
The argument behind increasing privatization of public firms in developing and transition economies is that profit … privatization leads to a better outcome in terms of environmental performance and welfare maximization than a state-owned monopoly …
Persistent link: https://www.econbiz.de/10011077075
We empirically investigate the political determinants of liberalization and privatization policies in six network … industries of 30 OECD countries (1975–2007). We unbundle liberalization and privatization reforms and study their simultaneous … common trend under the so-called neo-liberalism wave. However, although the privatization rate is higher than liberalization …
Persistent link: https://www.econbiz.de/10011077641
We investigate the connection between privatization in post-communist Russia and a mass privatization reform in … Stolypin reform to contemporary views on whether the privatization of the 1990s should be revised. These historical measures … could influence contemporary views in two ways: first, differences in privatization-related conflicts in the past could have …
Persistent link: https://www.econbiz.de/10011077650
We study the relation between state ownership and cash holdings in China’s share-issue privatized firms from 2000 to 2012. We find that the level of cash holdings increases as state ownership declines. For the average firm in our sample, a 10 percentage-point decline in state ownership leads...
Persistent link: https://www.econbiz.de/10011077992
This paper examines key aspects of the policies promoting the expansion of private multinational monopolies as the main tool to solve the problems affecting water and sanitation services in less developed countries. It is based on recent findings from research carried out on the impact of these...
Persistent link: https://www.econbiz.de/10011079054
We investigate whether or not privatization is beneficial from the viewpoint of social welfare in a monopolistic … competition model. We discuss the relationship between the welfare effects of privatization and the degree of foreign direct … and Central and Eastern European countries. We find that, in the long run, privatization of a public firm is more likely …
Persistent link: https://www.econbiz.de/10011079860
Persistent link: https://www.econbiz.de/10011092983
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