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This paper examines the restructuring of state assets in markets deregulated by privatizations and investment liberalizations. We show that the government has a stronger incentive to restructure than the buyer: A firm restructuring only takes into account how much its own profit will increase....
Persistent link: https://www.econbiz.de/10011324978
We investigate the impact of differences in privatisation method on national economic performance in transition economies. Our approach is to estimate, using dynamic panel data methods, a growth equation over 23 countries for the period 1990-2001. Among our results, we find that mass...
Persistent link: https://www.econbiz.de/10011324983
This paper discusses the most important theoretical contributions to the literature on privatization, focusing on … emerging economies, and gives a summary on recent research concerning the ways privatization might affect the development of … privatization and the reduction in social welfare and the possibility that the privatization process itself may have conflicting …
Persistent link: https://www.econbiz.de/10011325031
regional competition isrelated with better performance. Secondly, privatization per se isnot. If there is one ownership …
Persistent link: https://www.econbiz.de/10011256352
privatization, rather weak competition, unexpectedly hardbudget constraints, an overwhelmingly negative and relatively positive … accomplished. That is: stronger competition and betterinstitutions go with more restructuring, while privatization and harder …
Persistent link: https://www.econbiz.de/10011256633
regional competition is related with better performance. Secondly, privatization per se is not. If there is one ownership …
Persistent link: https://www.econbiz.de/10005137075
, massive privatization, rather weak competition, unexpectedly hard budget constraints, an overwhelmingly negative and … privatization and harder budget constraints do not. The substitution, to some extent, of informal for formal institutions may have …
Persistent link: https://www.econbiz.de/10005137157
Existing studies show a positive relationship between entrepreneurs' business performance and their conventional human capital as measured by previous business experience and formal education. In this paper, we explore whether illegal entrepreneurship experience (IEE), an unconventional form of...
Persistent link: https://www.econbiz.de/10011255961
Existing studies show a positive relationship between entrepreneurs' business performance and their conventional human capital as measured by previous business experience and formal education. In this paper, we explore whether illegal entrepreneurship experience (IEE), an unconventional form of...
Persistent link: https://www.econbiz.de/10005136903
Using a data set for 162 largest Hungarian firms during the period of 1994-1999 this paper explores the determinants of equity shares held by both foreign investors and by Hungarian corporations. We find evidence of a post-privatisation evolution towards more homogeneous equity structures, where...
Persistent link: https://www.econbiz.de/10011335737