This paper explores the impact that foreign investors in the transition economies have on the evolution of market relationships. Starting points are the role of networks and the process of enterprise transformation in economic transition. On this basis, the evolution of the supplier network of...

This paper explores the theoretical possibility of re-interpreting the conventional wisdom of the transition economy literature on privatization. Around 1989/90 the emphasis had been put on de-etatization and good corporate governance and little attention was paid to the necessity of integrating...

We extend agency theory to propose that structural reform positively impacts firm profitability in developing countries because the improvements in external monitoring that accompany structural reform decrease the agency costs faced by firms. However, we also argue that not all firms benefit...

Comprehensive panel data on privatization transactions and labor productivity in Romanian industrial corporations are used to describe the post-privatization ownership structure, and to estimate the effect of Romania's diverse privatization policies on firm performance. The econometric results...

This paper estimates the effects of privatization on worker separations and wages using retrospective data from a national probability sample of Ukrainian households. Detailed worker characteristics are used to control for compositional differences and to assess types of observable "winners" and...

This article examines patterns of decline in the public ownership of the corporate sector in Indian industry over a twenty five year period, 1973-74 to 1997-98, to assess whether a transformation in ownership has taken place and whether the boundaries of the state as a participant in industry...

We estimate the effects of privatization on firm-level wages and employment in four transition economies. Applied to longitudinal data on manufacturing firms, our fixed effect and random trend models consistently fail to support workers' fears of job losses from privatization, and they never...

Organizations are increasingly delegating their information technology (IT) intensive business activities to external service providers to take advantage of the rapid evolution of the global telecommunications infrastructure. The business processes being outsourced range from routine and...

This paper estimates the effect of privatization on multifactor productivity (MFP) using long panel data for nearly the universe of initially state-owned manufacturing firms in four economies. We exploit the key longitudinal feature of our data to measure and control for pre-privatization...

We analyze the impact of privatization on multifactor productivity (MFP) using long panel data for nearly the universe of initially state-owned manufacturing firms in four economies. Controlling for firm and industry-year fixed effects and employing a wide variety of measurement approaches, we...