We study the relation between state ownership and cash holdings in China's share-issue privatized firms from 2000 to … 2012. We find that the level of cash holdings increases as state ownership declines. For the average firm in our sample, a … 10 percentage-point decline in state ownership leads to an increase of about RMB 55 million in cash holdings. This …

This paper focuses on the relationship between corporate governance and corporate performance by initial public … privatization (i.e., IPO) has different effects depending on the types of owners to whom it gives control in corporate governance …. This study investigated the long-run stock performance of Kazakhstan companies listed on the London Stock Exchange (LSE …

While it is well documented that privatization leads to an improvement in the performance of state-owned enterprises … similar pre-privatization situations, i.e. the performance of SOEs. By matching sample firms (privatized) to control firms … statistical tests, the interpretation of the evidence of this study could mean that privatization improved the performance of …

Even though it is well documented that privatization leads to an improvement in the performance of state … because it does not consider the performance of control firms of similar pre-privatization situations, i.e. the performance of … firms versus the performance of SOEs. I document significant improvements in profitability, efficiency, and dividends, and …

We empirically study the relation between managerial ownership and firm performance in a unique private firm setting … performance. This positive association is concave but not reversed as ownership increases, indicating a diminishing effect of … ownership on performance. We use managerial effort and a change of corporate policy to further mitigate the endogeneity concerns …

determines whether such performance differs across firms according to their new ownership structure. The Egyptian privatization … program provides unique post-privatization data on different ownership structures. Since most studies do not distinguish … between the types of ownership, this paper provides new insight into the impact that post-privatization ownership structure …

This paper investigates the existence of ownership effects in the global oil and gas industry, i.e. whether there are … systematic performance and efficiency differentials between National Oil Companies (NOCs) and privately-owned International Oil … efficiency and profitability, this paper nevertheless suggests that a political preference for State Oil usually comes at an …

determines whether such performance differs across firms according to their new ownership structure. The Egyptian privatization … program provides unique post-privatization data on different ownership structures. Since most studies do not distinguish … between the types of ownership, this paper provides new insight into the impact that post-privatization ownership structure …