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, privatization methods had a lasting effect on ownership structure in Ukraine …
Persistent link: https://www.econbiz.de/10013317911
We construct and analyze a unique database with 1992-99 information on privatization transactions and labor … to describe the post-privatization ownership structure and to test the effect of alternative privatization policies on … sales to foreign and domestic blockholders, but insider and mass privatization are also estimated to have positive, although …
Persistent link: https://www.econbiz.de/10013320899
This paper builds on a new database (PRIVMEDA) in order to assess the progress of the privatisation process in the MEDA countries of Algeria, Egypt, Israel, Jordan, Lebanon, Malta, Morocco, Syria, Tunisia and Turkey. The first part of the paper offers an overview of the privatisation record from...
Persistent link: https://www.econbiz.de/10012445562
This article provides a comprehensive assessment of private firms' financing sources and their relation with financial reporting practices. We consider debt financing (bank financing, leasing, and government guarantees), equity financing (family ownership, government ownership, employee...
Persistent link: https://www.econbiz.de/10011646298
This article provides a comprehensive assessment of private firms' financing sources and their relation with financial reporting practices. We consider debt financing (bank financing, leasing, and government guarantees), equity financing (family ownership, government ownership, employee...
Persistent link: https://www.econbiz.de/10011646418
The main objective of this paper is to present the results of empirical studies on net profit distribution in companies using state-owned enterprises against payment. The main research hypothesis states that the majority of companies using state-owned enterprises against payment waive their...
Persistent link: https://www.econbiz.de/10012002052
rapidly changing conditions in a transition economy. The analysis is focused on the question of whether privatization and … liquidated over the period 1999 to 2013. We find that privatization and the choice of privatization option have no effect on the …
Persistent link: https://www.econbiz.de/10010938611
determines whether such performance differs across firms according to their new ownership structure. The Egyptian privatization … program provides unique post-privatization data on different ownership structures. Since most studies do not distinguish … between the types of ownership, this paper provides new insight into the impact that post-privatization ownership structure …
Persistent link: https://www.econbiz.de/10010938720
In this paper we study the role of private debt financing in disciplining a state owned firm operating for a government that incurs a cost of public financing. We show that debt contracts allow the government to avoid socially costly subsidies by letting unprofitable state- owned firms default....
Persistent link: https://www.econbiz.de/10010938986
This paper empirically analyzes the political and economic objectives underlying privatization on the stock market … on the issue. The paper has two main findings. Fist, larger initial returns occurred in the early stages of privatization …
Persistent link: https://www.econbiz.de/10005022378