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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 …
Persistent link: https://www.econbiz.de/10012910564
We investigate determinants of foreign ownership in newly privatized firms. We analyze data on privatized Czech firms to address two related general questions. First, what characteristics distinguish transition firms that attract a foreign investor? Second, how do firm-specific characteristics...
Persistent link: https://www.econbiz.de/10014035169
Transition requires the reallocation of resources across activities through closure of inefficient firms and the creation of new firms. It also requires restructuring of existing firms where improvements in performance are feasible. Both processes are closely tied together and are aimed at...
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The paper investigates how efficiency of business environment and corruption (informal payments and state capture) affect the microeconomic performance of firms. The novelty of the paper is to look at these effects in the interaction with the firm ownership. We use firm-level micro data...
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In this study I contend that the ownership type has a significant impact on the environment – strategy configurations amongst different firms in a transitional economy. The influence of ownership type on the environment–strategy configuration is tested, based on an analysis of surveys of 201...
Persistent link: https://www.econbiz.de/10014197967
"The paper evaluates the effects of privatization in the post-communist economies and China. In post …-communist economies privatization to foreign owners results in a rapid improvement in performance of firms, while performance effects of … privatization to domestic owners are less impressive and vary across regions, coinciding with differences in policies and …
Persistent link: https://www.econbiz.de/10003791159