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We compare the change in ownership concentration in firms privatized through two different programs of mass privatization: the Czech voucher scheme and the Polish program of National Investment Funds. Despite important differences in ownership structure at the start of the process and in the...
Persistent link: https://www.econbiz.de/10005677549
We analyze the effect of ownership on post-privatization performance in a virtually complete population of medium and …, private ownership tends to be associated with superior performance in terms of some indicators but not others, and dispersed … ownership results in better or equal performance than more concentrated forms of ownership. …
Persistent link: https://www.econbiz.de/10005784695
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 …
Persistent link: https://www.econbiz.de/10005652527
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 …
Persistent link: https://www.econbiz.de/10005652594
We analyze the effect of ownership on post-privatization performance in a virtually complete population of medium and … ownership improves economic performance, but domestic private ownership does not, relative to state ownership. Foreign firms … increasing profit. Ownership concentration is associated with superior performance, thus providing support to the agency theory …
Persistent link: https://www.econbiz.de/10005652658
We explore the impact of privatization and the entry of new firms on enterprise performance in Belarus, a transition … ownership will enhance company performance, measured in a variety of ways including profitability and capacity to export to the …
Persistent link: https://www.econbiz.de/10005652567
estimating firm performance, by making use of the properties of the primal and dual Solow residual. We find that privatization is …
Persistent link: https://www.econbiz.de/10005677637
restructuring by firms and their subsequent performance as measured by growth in sales and in sales per employee over a three … the new market environment. We go on to analyse the impact on performance of ownership, soft budget constraints, the … ownership per se has no significant relationship to performance (though state-owned firms have engaged in significantly less …
Persistent link: https://www.econbiz.de/10005677645