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The Impacts of Corporate Governance On the Performance of Privatized Firms In Vietnam

Tran Thi, Que Giang - Université Paris-Dauphine (Paris IX) - 2008

, Nash and Van Randenborgh (MNR 1994) by using the Wilcoxon and proportion tests to compare the pre- and post-privatization … studies, it has its shortcomings. Indeed, this method is unable to isolate the impact of privatization on firm performance … employed in this paper. Both approaches confirm that privatization in Vietnam brings about significant improvement in most …

Persistent link: https://www.econbiz.de/10010706886

Internal Capital Markets, Cross-Subsidization and Product Market Competition

Cestone, Giacinta; Fumagalli, Chiara - C.E.P.R. Discussion Papers - 2001

This Paper analyses the interaction between internal capital market allocations and product market competition. It is argued that diversification and divestiture are both rational responses to anticipated changes in the competitive environment. Diversification is the optimal response to an...

Persistent link: https://www.econbiz.de/10005791317

The Deep Pocket Effect of Internal Capital Markets

Boutin, Xavier; Cestone, Giacinta; Fumagalli, Chiara; … - C.E.P.R. Discussion Papers - 2009

This paper provides evidence that incumbents' access to group deep pockets has a negative impact on entry in product markets. Relying on a unique French data set on business groups, the paper presents three major findings. First, consistent with theoretical predictions, the amount of financial...

Persistent link: https://www.econbiz.de/10005791859

Venture Capital Meets Contract Theory: Risky Claims or Formal Control?

Cestone, Giacinta - C.E.P.R. Discussion Papers - 2002

This Paper develops a theory of the joint allocation of control and cash-flow rights in venture capital deals. I argue … control in order to avoid undue interference. Hence, I predict that risky claims should be negatively correlated to control … rights, both along the life of a start-up and across deals. This challenges the idea that control should always be attached …

Persistent link: https://www.econbiz.de/10005136679

Anti-Competitive Financial Contracting: The Design of Financial Claims

Cestone, Giacinta; White, Lucy - C.E.P.R. Discussion Papers - 2002

This Paper presents the first model where entry deterrence takes place through financial rather than product-market channels. In standard models of the interaction between product and financial markets, a firm's use of financial instruments deters entry by affecting product market behaviour,...

Persistent link: https://www.econbiz.de/10005666744

Ownership structure and firm performance in transition countries : the case of European Union new members

Tran Thi, Que Giang - Université Paris-Dauphine (Paris IX) - 2005

Our study focuses on the EU new members, which are transition countries. After a long period of privatization and …

Persistent link: https://www.econbiz.de/10010707391

Ownership structure and firm performance in transition countries: The case of European Union new members

Tran Thi, Que Giang - Université Paris-Dauphine (Paris IX) - 2005

Our study focuses on the EU new members, which are transition countries. After a long period of privatization and …

Persistent link: https://www.econbiz.de/10010708675

Ownership structure and firm performance in transition countries : the case of European Union new members

Tran Thi, Que Giang - Université Paris-Dauphine (Paris IX) - 2005

Our study focuses on the EU new members, which are transition countries. After a long period of privatization and …

Persistent link: https://www.econbiz.de/10010905411