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It has long been argued that private ownership of firms leads to better firm performance. However, theory as well as … 1999- 00 ownership was no longer a significant determinant of performance; induced by competition, public sector banks were … able to eliminate the performance/efficiency gap that existed between them and domestic private sector and foreign banks. …
Persistent link: https://www.econbiz.de/10005677497
It is now stylized that, while the impact of ownership on firm productivity is unclear, product market competition can be expected to have a positive impact on productivity, thereby making entry (or contestability of markets) desirable. Traditional research in the context of entry has explored...
Persistent link: https://www.econbiz.de/10005677739