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1990 to 2003. The estimating equation is augmented with country- and time-specific variables for methods of privatization … and other factors potentially relevant to growth in transition economies. It is found that 'mass privatization' is … associated with faster growth, but the other privatization methods have no significant impact. The findings suggest that in the …
Persistent link: https://www.econbiz.de/10011470765
1990 to 2003. The estimating equation is augmented with country- and time-specific variables for methods of privatization … and other factors potentially relevant to growth in transition economies. It is found that ‘mass privatization’ is … associated with faster growth, but the other privatization methods have no significant impact. The findings suggest that in the …
Persistent link: https://www.econbiz.de/10003342122
This paper analyzes the relationship of ownership concentration and firm performance in the context of different institutional environments in 28 Central and Eastern European transition economies. Using the BEEPS data for the period from 2002 to 2009 we find an inverted u-shaped relation of...
Persistent link: https://www.econbiz.de/10010303808
This paper analyzes the relationship of ownership concentration and firm performance in the context of different institutional environments in 28 Central and Eastern European transition economies. Using the BEEPS data for the period from 2002 to 2009 we find an inverted u-shaped relation of...
Persistent link: https://www.econbiz.de/10008794610
We explore how institutional quality moderates the effectiveness of privatization on entrepreneurs' sales performance …. These findings suggest that the effectiveness of privatization on entrepreneurial performance is context-specific, which …
Persistent link: https://www.econbiz.de/10012895246
Why do the reported effects of privatization on firm performance vary so much? This paper re-estimates these effects …, but they vary across countries and time periods. Our analysis of heterogeneity in privatization effectiveness finds little …
Persistent link: https://www.econbiz.de/10013005452
employment. Bank credits have become more accessible in Croatia for the SME sector following privatization by foreign banks …
Persistent link: https://www.econbiz.de/10010790640
This paper first examines various definitions of Kornai's soft budget constraint (SBC) and the difficulties involved in interpreting data on losses, subsidies and financing, and then considers selective evidence from transition economies. Stocks of overdue trade credit are no larger than in...
Persistent link: https://www.econbiz.de/10014067071
This paper makes some selective comparisons of the empirical evidence relating to financial discipline and soft budget constraints in the enterprise sector in China and the transition countries of Central and Eastern Europe and the former Soviet Union (CEEFSU). The paper finds that: (1) in both...
Persistent link: https://www.econbiz.de/10005187378
This paper makes some selective comparisons of the empirical evidence relating to financial discipline and soft budget constraints in the enterprise sector in China and the transition countries of Central and Eastern Europe and the former Soviet Union (CEEFSU). The paper finds that: (1) in both...
Persistent link: https://www.econbiz.de/10005677388