We focus on the effect of state versus private ownership on the rates of firm-specific productivity growth and cost … decline by developing a model of endogenous, firm-specific productivity growth and testing its implications against panel data … results show that state ownership can lower the long-run annual rate of productivity growth or cost decline, but not …

collection) is studied using the theory of property rights and the economic theory of bureaucracy. Both kinds of institutional …

decisions highly contingent on firm characteristics and past performance, complicating the identification of the privatization … 1990s. Relying on the regression discontinuity design, the analysis finds that privatizations led to productivity gains of … specification (including its random-growth variant). The paper further finds that the privatization effects are significantly larger …

This paper estimates the relative multi-factor productivity (MFP) of privatized and state-owned enterprises using a … data permit us to track the privatization process and to estimate the impact of privatization within industry-year cells … majority privatized versus state-owned firms. The gap increases with time since privatization, reaching about 15-17% five years …

instruments to the universe of administrative employment data on Germany. In line with theory, the IV results suggest that a 10 … Privatisierung ostdeutscher Unternehmen nach dem Fall des Eisernen Vorhangs zu sichern. Die neuen Eigentümern der Unternehmen …

. Dynamically, firms are incentivized to improve productivity to meet targets. Using novel data from East German firms post-privatization … “polarization,“ causing low-productivity firms to exit the market while others temporarily distort their employment upward … exit probability, and 10% higher annual productivity growth over the target period. Structural estimates reveal substantial …