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Government ownership, informed trading, and private information

Borisova, Ginka; Yadav, Pradeep - 2015

We investigate the nature and extent of information asymmetry among traders in companies with government ownership. Consistent with a less transparent information environment, we find relatively less informed trading in the shares of firms with government presence, and specifically, fewer...

Persistent link: https://www.econbiz.de/10011334148

Investment efficiency, state-owned enterprises and privatisation : evidence from Vietnam in transition

O'Toole, Conor M.; Morgenroth, Edgar L. W.; Ha Thi Thu Thuy - 2015

Our research tests the difference in investment efficiency between state-owned enterprises (SOEs) and private firms and then evaluates the effect of privatisation and equitisation policies on the investment efficiency of former state owned enterprises (SOEs). We use a novel dataset from Viet Nam...

Persistent link: https://www.econbiz.de/10010499591

The Impact of Privatization on State-Owned Enterprises Performance and Efficiency : Case Study of Sudan Airways

Mohamed, Issam A.W. - 2011

The current paper analyzes the impacts of privatization of Sudan air carrier, Sudan Airways. The hypothetical framework … in this study is that alternative policies other than privatization are feasible. Sudan airways represents the …. Experience shows that privatization needs large amount of capital plus qualified managerial, technical, financial and marketing …

Persistent link: https://www.econbiz.de/10013130174

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

State Ownership and Corporate Innovative Efficiency

Cao, Jerry - 2020

In this paper, we investigate the innovative efficiency of SOEs in China. Innovative efficiency refers to output of patents per dollar spending of R&D expenditure. The data indicate that minority SOEs are substantially more innovatively efficient than nonSOEs and majority SOEs. The relative...

Persistent link: https://www.econbiz.de/10012835354

Does Privatization Reform Alleviate Ownership Discrimination? Evidence from the Split-Share Structure Reform in China

Liu, Jinyu - 2019

probability of privatization. The effects were more pronounced among SOEs under higher threats of privatization (e.g., firms with … side of privatization reforms in mitigating credit misallocation, and enlightens policy makers to practical resolutions to …

Persistent link: https://www.econbiz.de/10012902157

State Ownership and Corporate Innovation Efficiency

Cao, Xiaping - 2018

The conventional wisdom is that state ownership may hinder patenting through reduced incentives and pronounced agency problems associated with state-owned enterprises (SOEs). Empirical evidence from a variety of contexts, including the U.S., Europe, and China, is consistent with this view, that...

Persistent link: https://www.econbiz.de/10012935251

State Ownership and Corporate Investment

Jaslowitzer, Patrick - 2018

financial crisis. We address identification concerns both econometrically and through references to existing privatization …

Persistent link: https://www.econbiz.de/10012936472

State Ownership and Corporate Cash Holdings

Chen, Ruiyuan (Ryan) - 2017

Using a unique sample of newly privatized firms from 59 countries, this study provides new evidence about the agency costs of state ownership and new insight into the corporate governance role of country-level institutions. Consistent with agency theory, we find strong and robust evidence that...

Persistent link: https://www.econbiz.de/10012970406

Performance Consequences of Privatizing Egyptian State-Owned Enterprises : The Effect of Post-Privatization Ownership Structure on Firm Performance

Omran, Mohammed - 2016

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 …

Persistent link: https://www.econbiz.de/10013004377