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Political selection of firms into privatization programs : evidence from Romanian comprehensive data

Szentpéteri, Ádám; Telegdy, Álmos - 2009

Exploiting a unique institutional feature of the early Romanian privatization setup, when a group of firms was … explicitly barred from any privatization, we test how politicians select firms into privatization. Using comprehensive data that … includes all firms inherited from socialism, we estimate the relation between pre-privatization firm characteristics the …

Persistent link: https://www.econbiz.de/10003919610

Political objectives and privatization decisions : selection of firms into privatization or long-term state ownership in Romania

Szentpéteri, Ádám; Telegdy, Álmos - 2009

With the help of a peculiar institutional feature of early Romanian privatization, when a group of firms was explicitly … that politicians sheltered large and inefficient firms from privatization, which paid low wages and had high overdue … payments. These results are consistent with minimization of employment losses, even if efficiency enhancement of privatization …

Persistent link: https://www.econbiz.de/10003919696

Governance by mutual benchmarking in postal markets : how state owned enterprises may induce private competitors to observe policy goals

Hettich, Peter - 2010

Congress recently has passed the Postal Accountability and Enhancement Act, which leaves most elements of the current postal regulatory framework (postal monopoly, state owned enterprise) unaltered. Similar regulatory frameworks have been established in the U.S. and the European Community....

Persistent link: https://www.econbiz.de/10008738339

Improving the business climate in Russia

Radziwill, Artur; Vaziakova, Yana - 2015

Economic growth is below what would be needed to resume rapid convergence to average OECD living standards. On-going efforts to improve the business climate are laudable, but need to be widened and strengthened. Much progress has been achieved in reducing red tape, but it is only recently that...

Persistent link: https://www.econbiz.de/10011392847

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

Privatization in Austria : some theoretical reasons and performance measures

Belke, Ansgar; Schneider, Friedrich - 2004

The issues of privatization (and sometimes deregulation) have been reviewed in a large literature on the various … aspects of privatization, that has emphasized the potential efficiency gains. Hence, we provide some theoretical reasoning why … privatization is useful as well as profitable for an economy and empirically present the extent of privatization in Austria and …

Persistent link: https://www.econbiz.de/10009748284

Rekommunalisierung: Renaissance öffentlicher Unternehmen?

In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 93 (2013) 2, pp. 71-86

Nach einer Welle der Privatisierung öffentlicher Dienstleistungen in den 1980er und 1990er Jahren möchten viele …

Persistent link: https://www.econbiz.de/10009726304

The organisation of services of general interest in Finland

Willner, Johan; Grönblom, Sonja - 2016

Like in most other European countries, services of general interest in Finland have in recent years been subject to competition, increased private provision, and in some cases privatisation. This development is motivated by expected cost reductions, by EU regulations, by ideology and fashion,...

Persistent link: https://www.econbiz.de/10011437146

Privatisation and public ownership in Finland

Willner, Johan - 2003

Finland s state-enterprise sector has been larger than in most countries and included several manufacturing companies. These were usually established because of a scarcity of private venture capital, with a mission to contribute to industrialisation. Some companies have now been privatised in a...

Persistent link: https://www.econbiz.de/10011509381

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