Estrin, Saul; Hanousek, Jan; Kočenda, Evžen; Švejnar, Jan - 2009
countries. Policy
Research Working Papers are also posted on the Web at http://econ.worldbank.org. For information, contact … – do not have full information about corporate performance, so firm-
specific rents may be appropriated by the managers … all firms
simultaneously. Second, by sequencing it may reveal information about the firms to
investors (later buyers may …