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Reputation Flows: Contractual Disputes and the Channels for Inter-firm Communication

Pyle, William - William Davidson Institute, University of Michigan - 2003

Inter-firm information exchange with respect to the reliability of trade partners may be unmediated in the sense that it involves direct communication between the personnel of two firms. Alternatively, this information flow may be channeled by or through an organization such as a trade...

Persistent link: https://www.econbiz.de/10005784689

The emergence of large shareholders in mass privatized firms: Evidence from Poland and the Czech Republic

Grosfeld, Irena; Hashi, Iraj - William Davidson Institute, University of Michigan - 2004

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 …

Persistent link: https://www.econbiz.de/10005652508

Transition on the Shop Floor - The Restructuring of a Weaving Mill, Hungary 1988-97

János Köll? - William Davidson Institute, University of Michigan - 2004

While a variety of studies analysed the benign effects of privatisation on firm performance under post …

Persistent link: https://www.econbiz.de/10005677396

Mass Privatisation, Corporate Governance and Endogenous Ownership Structure

Grosfeld, Irena; Hashi, Iraj - William Davidson Institute, University of Michigan - 2003

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

Enterprise Restructuring in Russia's Transition Economy: Formal and Informal Mechanisms

Linz, Susan J.; Krueger, Gary - William Davidson Institute, University of Michigan - 1998

This paper examines the nature and scope of enterprise restructuring in Russia using two sources of firm-level data. The first involves a panel of over 2,000 civilian manufacturing firms in Moscow, Tver, Volgograd, Rostov, and Novosibirsk. The second involves data collected from a series of...

Persistent link: https://www.econbiz.de/10005677588

Dynamism and Inertia on the Russian Labour Market: A Model of Segmentation

Grosfeld, Irena; Senik-Leygonie, Claudia; Verdier, Thierry - William Davidson Institute, University of Michigan - 1999

This paper proposes an explanation of the puzzling coexistence of elements of inertia and dynamism on the Russian labour market using a segmentation model. Risk averse workers are differentiated according to their productivity. They face a trade-off between wages and access to social services...

Persistent link: https://www.econbiz.de/10005677602

Restructuring with What Success? A Case Study of Russian Firms

Linz, Susan - William Davidson Institute, University of Michigan - 2000

This case study of enterprise restructuring utilizes data collected from thirty-two former state-owned firms in Taganrog, Russia, in the summer and fall of 1999. These data are used to construct three composite measures of enterprise restructuring. When defined broadly to include several...

Persistent link: https://www.econbiz.de/10005677651

The Effects of Ownership Forms and Concentration on Firm Performance after Large-Scale Privatization

Svejnar, Jan; Kocenda, Evzen - William Davidson Institute, University of Michigan - 2002

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

Corporate Governance, Managers’ Independence, Exporting And Performance Of Firms In Transition Economies

Filatotchev, Igor; Isachenkova, Natalia; Mickiewicz, Tomasz - William Davidson Institute, University of Michigan - 2005

-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. …

Persistent link: https://www.econbiz.de/10005784774

Ownership, Control and Corporate Performance After Large-Scale Privatization

Hanousek, Jan; Evžen Ko?enda; Svejnar, Jan - William Davidson Institute, University of Michigan - 2004

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