. Over time, this effect increases. An alternative "credible" privatization perspective suggests that retention of … CARs and time since initial privatization for telecoms from emerging markets. The influence of residual state factors on …

-controlling or "residual" state ownership framework, grounded in credible privatization and institutional theory. We propose that: 1 … signals state support for managerial initiatives; 2) the passage of time since initial privatization negatively affects … turn negative at higher state ownership levels. CARs turn sharply negative within 1-2 years from initial privatization …

The privatization literature depicts the choice whether to contract out as a tradeoff between excessive private … it is kept in-house. Therefore, privatization decisionmakers and monitoring agencies may be more prone to capture when …

Disappointment with insider trading in Russia, with voucher privatization in the Czech Republic, and with the … privatization of infrastructure in many developing countries has spawned new critiques of privatization. How do theory and empirical … privatization mean that privatized firms perform worse than state enterprises? Shirley and Walsh's review found greater ambiguity …

Cournot model that distinguishes two aspects of privatization interacting with market opening: privatization of a firm and … privatization of its competitors. Under plausible conditions, the model implies that privatizing a firm is a substitute for exposing …

Comprehensive panel data on privatization transactions and labor productivity in Romanian industrial corporations are … used to describe the post-privatization ownership structure, and to estimate the effect of Romania's diverse privatization … transfers and mass privatization are estimated to have significantly smaller-although still positive-effects on firm performance …

The aim of this paper is to investigate the welfare effect of privatization in oligopoly when the government takes into … gains, privatization never increases welfare. Moreover, even when large efficiency gains are realized, an inefficient public …

form of ownership, and the corresponding estimation of privatization in the context of the advantages and disadvantages of … the public and private sectors of the national economy. Various interpretations of the fundamental privatization theorem … trends in Russia's de-statization policy in 2010-2013 are analyzed in the context of ‘reluctant privatization', with special …