change in ownership concentration and firm performance, we find an interesting difference between the two countries: in the … the quality of past performance does not affect investors' willingness to increase their holdings. This effect may be …

-making, exporting and performance. It is found that managers’ independence is positively associated with firms’ financial performance … performance, (ii) board participation of foreign stakeholders, on the other hand, enhances the firm’s export orientation and … performance by encouraging executives’ decision-making autonomy. …

We analyze the effects of ownership type and concentration on performance of a population of firms in a model large … that few types of private ownership improve dynamic post-privatization performance. Concentrated foreign (but not domestic …) ownership improves some measures of performance relative to state ownership. Foreign investors engage in strategic restructuring …

reforms and environment have an effect on the changes in operating performance. For example, we find that privatization yields … post-privatization performance changes. In particular, economic growth, control relinquishment by the government and …