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Russia’s Public Sector and Privatization Policy in 2018

Malginov, Georgy - 2019

government privatization programs (from 2011 – for three-year period, and prior to 2011 – for one-year period). In the current … Forecast Plan (Program) of Federal Property Privatization and the Main Directions of Federal Property Privatization for 2017 …

Persistent link: https://www.econbiz.de/10012863466

The Rise of a Network : Spillover of Political Patronage and Cronyism to the Private Sector

Moon, Terry - 2019

The misallocation of government resources to the politically connected is considered to impose substantial economic costs. We document that resource misallocation to the politically connected extends to resources allocated by private sector firms. Following the presidential election in 2007,...

Persistent link: https://www.econbiz.de/10012897746

Cyclicality and Firm-size in Private Firm Defaults

Jensen, Thais Laerkholm; Lando, David; Medhat, Mamdouh - 2016

The Basel II/III and CRD-IV Accords reduce capital charges on bank loans to smaller firms by assuming that the default probabilities of smaller firms are less sensitive to macroeconomic cycles. We test this assumption in a default intensity framework using a large sample of bank loans to private...

Persistent link: https://www.econbiz.de/10014124273

From Creative Destruction to Destructive Creation

Savvides, Savvakis C. - 2020

The article underlines that uncontrolled and wasteful debt is the main culprit for a economic system that not only makes inequality in the world methodically more extreme, but also systematically misdirects economic resources. Mainstream economic thinking is plainly wrong in circumstances of...

Persistent link: https://www.econbiz.de/10012846093

PROPOSAL OF A COMMON SCORING SYSTEM FOR SELECTION OF EU FUNDED PROJECTS DEVELOPED BY ROMANIAN COMPANIES

Laurentiu, Droj - In: Annals of Faculty of Economics 1 (2013) 2, pp. 372-381

Since the start of the European Union Structural Funding Programs 2007-2013, especially those focused on financing investments proposed by private companies, a big change seems to be taken place. Large numbers of companies have applied for grants within these programs and especially for funding...

Persistent link: https://www.econbiz.de/10010733844

Intra-industry effects of privatization announcements: Evidence from developed and developing countries

Otchere, Isaac - 2002

We examine the stock price reaction of rival firms to privatization announcements to infer information about industry … effects of privatization. We find that the rival firms reacted negatively to privatization announcements, thus suggesting that … find that the adverse reaction of the rival firms to privatization announcements in developing countries is stronger than …

Persistent link: https://www.econbiz.de/10011335779

State-Owned Banks from Romania

Dumitriu, Ramona - 2012

In Romania, as in many Central and Eastern Europe countries, during the communist regime all the banks were owned by the state and their activities were circumscribed by rigid norms. After the communist regime had fallen, the state owned banks had to adapt to a competitive environment. The...

Persistent link: https://www.econbiz.de/10013099045

Bank Ownership and Credit Cycle : The Lower Sensitivity of Public Bank Lending to the Business Cycle

Duprey, Thibaut - 2013

This paper examines empirically to which extent public banks feature a different pattern in their lending behaviour over macroeconomic fluctuations. Based on a unique dataset from 1990 to 2010, including at most 459 public banks in 93 countries, I can handle ownership change by including records...

Persistent link: https://www.econbiz.de/10013089476

Ownership Structure and Risk-Taking : Comparative Evidence from Private and State-Controlled Banks in China

Dong, Yizhe - 2014

This study examines the impact of ownership structure on Chinese banks' risk-taking behaviours. We classify Chinese commercial banks into three categories based on the different types of controlling shareholder, and find that banks controlled by the government (GCBs) tend to take more risk than...

Persistent link: https://www.econbiz.de/10013065926

Ownership Structure and Risk in Publicly Held and Privately Owned Banks

Barry, Thierno - 2014

Using detailed ownership data for a sample of European commercial banks, we analyze the link between ownership structure and risk in both privately owned and publicly held banks. We consider five categories of shareholders that are specific to our dataset. We find that ownership structure is...

Persistent link: https://www.econbiz.de/10013069068