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within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … investors, and are more likely to remain in business even 20 years after leaving public ownership. The privatization agency …
Persistent link: https://www.econbiz.de/10012314853
The paper focuses on the analysis of the privatization process conducted in the years 2008-2011 with an attempt to show … a broad picture of privatization in Poland, indicate resources that still exist although hidden and show government … practices in making privatization more effective or, on the contrary, in carrying out quasi-privatization practices. Three main …
Persistent link: https://www.econbiz.de/10010468356
Exploiting the large exogenous variation in privatisation around China's 2005 Non-tradeable Share (NTS) reform, we assess its impact on private benefits of control and performance. While the reform required all listed firms to convert its NTS into tradeable ones, the process was partial and...
Persistent link: https://www.econbiz.de/10012839251
within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … investors, and are more likely to remain in business even 20 years after leaving public ownership. The privatization agency …
Persistent link: https://www.econbiz.de/10012822601
within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … investors, and are more likely to remain in business even 20 years after leaving public ownership. The privatization agency …
Persistent link: https://www.econbiz.de/10012822995
Is privatization in a country related to the stringency of its employment protection laws (EPL) – and, if so, how? We … address this question using privatization deals in fourteen European countries over three decades and all the changes in EPL …-in-difference tests for the entire sample, we find that stringent EPL discourage privatization in a country. For identification, we use …
Persistent link: https://www.econbiz.de/10012975362
Using China's Non-tradeable Share (NTS) reform as a natural experiment and exploiting its staggered adoption, we assess the impact of share privatisation on corporate performance and earnings management. 2005 NTS reform required all listed firms with NTS to adopt it by 2006 though the process of...
Persistent link: https://www.econbiz.de/10012854888
Selection in privatization is a decision-making process of choosing state-owned enterprises (SOEs), prioritizing and … sequencing privatizing events, and determining the extent of private ownership in partial privatization. We investigate this … SOEs and identify 9,359 privatization cases over time. Our econometric analysis concludes: (i) The privatization selection …
Persistent link: https://www.econbiz.de/10013024217
We examine the real effect of privatization in terms of technological innovation. To establish causality, we explore … plausibly exogenous variation in privatization generated by a quasi-natural experiment – China's split share structure reform …, which mandatorily converts non-tradable shares to be freely tradable and opens up the gate to the privatization of state …
Persistent link: https://www.econbiz.de/10013032882
This article uses Israel's ongoing process of bank privatization to explore the link between privatization programs and … shareholders to widely held firms. The government may therefore prefer selling a control block in the firm undergoing privatization …
Persistent link: https://www.econbiz.de/10013037630