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India had adopted disinvestment, as part of broader reforms, in 1991 to improve performance of public sector enterprises (PSEs) owned by the Central government of India. The current study captures the effect of disinvestment policy on the performance of PSEs with special emphasis on the local...
Persistent link: https://www.econbiz.de/10012856163
We document that publicly listed Chinese state-owned enterprises (SOEs) are less productive and profitable than publicly listed firms in which the state has no ownership stake. In particular, Chinese listed SOEs are more capital intensive and have a lower average product of capital than...
Persistent link: https://www.econbiz.de/10013226435
The objective of this paper is assess the financial performance of disinvested central public sector enterprises (PSEs) in India on the basis of several dimensions on pre and post disinvestment bases over the life span of more than two decades (i.e. 1986-87 to 2009-10); financial performance has...
Persistent link: https://www.econbiz.de/10009539398
Network embeddedness is an essential determinant of enterprise innovation, but the mechanism of its impact on innovation performance remains unclear. Based on resource dependence theory, this study analyzes the influence of structural embeddedness and relational embeddedness on innovation...
Persistent link: https://www.econbiz.de/10013449184
This paper analyses the causes of managerial change and the impact of different reforms on firm performance, using survey data from 300 Ukrainian firms. The main findings are: 1) ownership and competition are linked to managerial change: de novo firms but also privatised firms experienced less...
Persistent link: https://www.econbiz.de/10009755918
We construct and analyze a unique database with 1992-99 information on privatization transactions and labor … describe the post-privatization ownership structure and to test the effect of alternative privatization policies on firm … and domestic blockholders, but insider and mass privatization are also estimated to have positive, although smaller …
Persistent link: https://www.econbiz.de/10011402871
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The challenge of power sector reform in the Arab Republic of Egypt has long been dominated by extremely high subsidies …, accumulation of arrears from the sector, poorly-maintained physical capital, and cross-subsidies across customer classes. Egypt …. Egypt has been able to achieve universal access with more or less reliable power over the entire period, except when chronic …
Persistent link: https://www.econbiz.de/10012229762