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privatization -- to determine the effect of privatization to financial performance of these companies. For this purpose, the … privatization over the period was considered as independent variable. Time trend over the time (the years studied) also were … considered as independent variable to explore the effect of privatization and time trend separately on dependent variables. In …
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Using data from a large sample of the listed firms in China from 1999 to 2002, we find that firm profitability and state ownership are negatively related to top management turnover only when firm profitability is below target (measured by industry median). We also find that top management...
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have a higher borrowing capacity than they would under privatization …
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there are clear improvements in performance post-privatization. The tiger can change its stripes; however, the government …
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We track firms at birth and compare the growth pattern of IPO firms and their birth-matched counterparts. Firms that are larger at birth with faster initial growth are more likely to attain a larger size later in life and go public. Firms in the top percentile of predicted propensity to go...
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