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How stakes in restructuring put restructuring at stake

Schröder, Philipp J. H. - 1998

Persistent link: https://www.econbiz.de/10000977455

Greenlee, Patrick; Raskovich, Alexander - 2004

When a monopolist sells an input to an oligopoly, consumer and total surplus frequently are invariant to changes in passive ownership of the monopolist by downstream firms. Within broad classes of ownership profiles, strong invariance holds: the input and output choices of downstream firms are...

Persistent link: https://www.econbiz.de/10014127403

Equity Ownership, Influence, and Investment in Vertical Relations

Levy, Nadav - 2019

I study the effects of minority equity ownership by firms in their trade partners. Passive ownership promotes relationship-specific investments by both parties and increases the joint surplus. The relative attractiveness of partial backward vs. forward ownership depends on the specific nature of...

Persistent link: https://www.econbiz.de/10012860700

Divide and Privatize : Firms Break-Up and Performance

Kočenda, Evžen - 2010

We analyze the long-term effects of divesture and ownership change on corporate performance. We employ a unique data set for a large number of Czech firms spanning the period 1996-2005. We employ a propensity score matching procedure to deal with endogeneity problems. Our results, which are...

Persistent link: https://www.econbiz.de/10013135804

Divide and Privatize : Firm Break-Up and Performance

Kočenda, Evžen - 2011

We analyze the long-term effects of firm break-up and ownership change on corporate performance. Our analysis is based on a unique data set for a large number of Czech firms spanning the period 1996–2005. We employ a propensity score matching procedure to deal with endogeneity problems. Our...

Persistent link: https://www.econbiz.de/10013124394

Partial Privatization and Incomplete Contracts - the Proper Scope of Government Reconsidered

Schmitz, Patrick W. - 2003

In this paper it is argued that privatization is not the only alternative to public ownership. Adopting the incomplete … contract approach, it is shown that partial privatization may well be the optimal ownership structure. While in the standard … privatization can be optimal since it mitigates the disadvantages of public ownership (no incentives to improve quality if the …

Persistent link: https://www.econbiz.de/10014089721

Who Should Own the League? Transaction Costs and the Structure of NBA Ownership

Nonnenmacher, Tomas; Gerard, David - 2021

Like many professional sports leagues worldwide, the National Basketball Association is organized as a cooperative of team owners. We argue that league ownership structures must balance two types of transaction costs: the costs of contracting with stakeholders of the league, importantly players,...

Persistent link: https://www.econbiz.de/10013223227

Divide and privatize: Firm break-up and performance

Koécenda, Evézen; Hanousek, Jan - 2011

We analyze the long-term effects of firm break-up and ownership change on corporate performance. Our analysis is based on a unique data set for a large number of Czech firms spanning the period 1996-2005. We employ a propensity score matching procedure to deal with endogeneity problems. Our...

Persistent link: https://www.econbiz.de/10010274965

Divide and privatize: Firms break-up and performance

Koécenda, Evézen; Hanousek, Jan - 2010

Persistent link: https://www.econbiz.de/10010281888

Divide and privatize : firms break-up and performance

Kočenda, Evžen; Hanousek, Jan - 2010

quickly diminish over time. -- firm divestiture ; corporate performance ; ownership changes ; privatization ; emerging markets …

Persistent link: https://www.econbiz.de/10008738365

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