-oriented issue of why a large number of efficient firms disappeared during mass privatization in a booming economy of Montenegro …. Econometrically, we present the first study to look at firms that disappeared during a mass privatization transition, improving upon … remaining in samples when estimating the effects of privatization or other ownership changes. We also show that one needs to …

or in the same sector. The pre-and-post privatization performance is tested using the Wilcoxon signed-rank test involving … accounting data and financial ratios of the privatized firms. Empirical findings of post privatization analysis indicate …Privatization : concept and theories -- Privatization in the world and privatization history of Turkey -- Efficiency …