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The Emergence of Large Shareholders in Mass Privatized Firms: Evidence from Poland and the Czech Republic

Grosfeld, Irena; Hashi, Iraj - 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/10011324998

Postprivatization Corporate Governance: the Role of Ownership Structure and Investor Protection

Boubakri, Narjess; Cosset, Jean-Claude; Guedhami, Omrane - 2003

positive effect of ownership concentration on firm performance matters more in countries with weak investor protection and that … private domestic ownership leads to higher performance. …

Persistent link: https://www.econbiz.de/10011325056

The effects of privatization on R&D investments and patent productivity

Munari, Federico; Sobrero, Maurizio - 2002

Over the last two decades privatization programs in different countries radically reduced the role of the State as a key player in the economic arena. We use agency theory to discuss the theoretical relationship between changes in the firm's principal-agent structure following privatization, and...

Persistent link: https://www.econbiz.de/10011335727