Economic development implies that the efficiency of firms in developing countries is approaching that of firms in … privatization, competition and foreign investment. We also test hypotheses positing that only firms near the efficiency frontier … find that privatization to domestic owners did not markedly improve the efficiency of firms; domestic firms are not …

Economic development implies that the efficiency of firms in developing countries is approaching that of firms in … privatization, competition and foreign investment. We also test hypotheses positing that only firms near the efficiency frontier … find that privatization to domestic owners did not markedly improve the efficiency of firms; domestic firms are not …

Economic development implies that the efficiency of firms in developing countries is approaching that of firms in … advanced economies. We examine the extent of this convergence among all firms as well as a subset of firms near the efficiency … that privatization to foreign owners markedly improved the efficiency of firms, whereas privatization to domestic owners …

has implications for ownership debates, efficiency study specification, and the development of regulatory screens. …We model the endogenous ownership of a monopoly utility by either investors or the firm's customers. Ownership arises … endogenously based on customers' quality preference, which affects each ownership type's viability. Customer ownership arises when …

. For example, both locally and foreign owned entities are very deferent in efficiency when grouped on export intensity and …