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. The paper has important implications for policymakers in supporting privatization policy and in designing a framework to … promote better corporate governance in privatized firms after privatization …
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During the transition from plan to market, managers and politicians succeeded in maintaining control of large parts of the stock of socialist physical capital. Despite the obvious importance of this phenomenon, there have been no efforts to model, measure and investigate this process...
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During the transition from plan to market, managers and politicians succeeded in maintaining control of large parts of the stock of socialist physical capital. Despite the obvious importance of this phenomenon, there have been no efforts to model, measure and investigate this process...
Persistent link: https://www.econbiz.de/10014058137
using a Vietnamese government's privatization experiment. Our robust results show that a substantial withdrawal of state … of soft budget constraints and local privatization programs have not been motivated by efficiency. The finding is … corporate governance quality during Vietnam's recent privatization programs increase the effectiveness of the capital market …
Persistent link: https://www.econbiz.de/10012897984