We analyze the effect of ownership on post-privatization performance in a virtually complete population od medium and … large firms privatized in a model large-scale privatization economy (Czech Republic). We find that concentrated foreign …

We analyze the effect of ownership on post-privatization performance in a virtually complete population of medium and … large firms privatized in a model large-scale privatization economy (Czech Republic). We find that concentrated foreign …

Privatization is often viewed as a necessary condition for improved corporate performance. We use a 1992-98 panel of … the population of Czech industrial firms to assess the effect of mass privatization on corporate performance. Using …-owned enterprises. The results with respect to privatization to domestic owners are much less impressive. Our study provides strong …

-scale privatization economy. Using specifications based on first-differences and unique instrumental variables, we find that few types of … private ownership improve dynamic post-privatization performance. Concentrated foreign (but not domestic) ownership improves …

We analyze the effect of ownership on post-privatization performance in a virtually complete population of medium and … large firms privatized in a model large-scale privatization economy (Czech Republic). We reject the hypothesis that domestic …

We construct and analyze a unique database with 1992-99 information on privatization transactions and labor … describe the post-privatization ownership structure and to test the effect of alternative privatization policies on firm … and domestic blockholders, but insider and mass privatization are also estimated to have positive, although smaller …