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efficiency and performance. To identify the role of patronage connection in privatization, we use the mandatory retirement age … privatization deals and jumps in efficiency for privatized SOEs when local politicians lose connections to Central Committee members …
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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...
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positive effects, and the effects of domestic privatization tend to be larger in countries with a more competitive business …
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privatization (i.e., IPO) has different effects depending on the types of owners to whom it gives control in corporate governance …
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