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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

The State of Ownership Rights Relations, the Role of the Public Sector, and Privatization in Russia

Radygin, Alexander - 2012

This paper deals with main feature of Russia's public sector, privatization plan and changes in the legistation which …

Persistent link: https://www.econbiz.de/10013100714

From Public Monopsony to Competitive Market : More Efficiency but Higher Prices

Delfgaauw, Josse - 2010

This paper examines the consequences of creating a fully competitive market in a sector previously dominated by a cost-minimizing public firm. Workers in the economy are heterogeneous in their intrinsic motivation to work in the sector. In line with empirical findings, our model implies that...

Persistent link: https://www.econbiz.de/10013152350

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

Financing Patterns in Transition Economies : Privatized Former SOEs versus Ab Initio Private Firms

Liu, Yu - 2019

We employ 19,521 unique firms in 30 transition economies to investigate the relation between the origins of private firms and their financing patterns. In our sample, the private firms are either privatized former state-owned enterprises (SOEs) or ab initio (from the beginning) private firms....

Persistent link: https://www.econbiz.de/10012903516

Privatizing Multi-Subsidiary Public Firm in Location Model

Chen, Jingliang - 2017

This paper examines a different way of privatization from existing literature. In a mixed duopoly Hotelling type model … privatization always improves social welfare comparing to no privatization at all. And comparing to privatizing the public firm in …

Persistent link: https://www.econbiz.de/10012972141

Earnings Management and Privatisations : Evidence from Pakistan

Iqbal, Abdullah - 2015

accruals in the year prior to and/or in the year of privatization. The SOEs used both short term and long term accruals to … inflate reported earnings. These accruals got reversed in the post-privatization period. These findings suggest that managers … of the firms under privatization were engaged in earnings management to inflate their firms' financial worth to maximize …

Persistent link: https://www.econbiz.de/10013013125

Public Sector and Privatisation in Russia in 2013

Radygin, Alexander - 2014

The core events which took place last year and which are related to the issues under consideration are the approval of a new three year privatisation programme for 2014-2016, including corporate control of market transactions associated with Rosneft and Gazprom, as well as the restructuring of...

Persistent link: https://www.econbiz.de/10013047294

The private sector advances in China : the evolving ownership structures of the largest companies in the Xi Jinping era

Huang, Tianlei; Véron, Nicolas - 2022

This paper documents recent structural changes in China's corporate landscape, based on company level data, providing a complementary perspective to that of official Chinese statistics. We classify China's largest companies by revenue since 2004 (based on Fortune Global 500 rankings), and...

Persistent link: https://www.econbiz.de/10013184745

Privatization and Environmental Pollution in a Mixed Duopoly

Pi, Jiancai - 2014

privatization in the presence of the environmental pollution. When the residents' environmental preference is introduced to the … public firm's objective function, we mainly find that privatization may increase the public firm's output, decrease the … studies on privatization. Moreover, Cournot competition and Stackelberg competition are separately analyzed to show that our …

Persistent link: https://www.econbiz.de/10013061676