Showing 1 - 10 of 21
We analyze when, and to a lesser extent how, privatization occurred in a group of thirty-five low or middle … primary determinant of privatization policies. Privatization is a means to an end, of course, rather than an end in itself …. But we proceed under the assumption that policymakers have decided, for whatever reason, that privatization is a desirable …
Persistent link: https://www.econbiz.de/10011335774
This paper investigates the impact of ownership structure on the productivity performance of Russian industrial …
Persistent link: https://www.econbiz.de/10011608483
Over the last two decades privatization programs in different countries radically reduced the role of the State as a …'s principal-agent structure following privatization, and incentives to invest in R&D and to patent. We compare the pre and post … privatization R&D effort and patenting behavior of 35 companies that were fully or partially privatized in 9 European countries …
Persistent link: https://www.econbiz.de/10011335727
In this paper, we analyze the impact of privatization on the firms' R&D performance. We expect that, in the early … period after privatization, path dependencies still negatively affect the efficiency of R&D operations. We test our …
Persistent link: https://www.econbiz.de/10011335733
above average size, initial profitability and initial labor productivity. After controlling for this selection bias, we find … that foreign investment has a positive, but statistically insignificant, impact on TFP (Total Factor Productivity) growth …
Persistent link: https://www.econbiz.de/10011608384
Even though it is well documented that privatization leads to an improvement in the performance of state … because it does not consider the performance of control firms of similar pre-privatization situations, i.e. the performance of … following privatization. Matching sample firms (privatized) to control firms (SOEs), I document that privatized firms do not …
Persistent link: https://www.econbiz.de/10011335746
efficiency gains result from better incentives and productivity, rather than from wholesale firing of employees and profitability …
Persistent link: https://www.econbiz.de/10011608788
This paper presents new evidence about privatisation processes and their determinants from a panel of 34 countries over the 1977-99 period. The empirical analysis shows that privatisation takes place typically in wealthy and democratic countries, endowed with deep and liquid stock markets, and...
Persistent link: https://www.econbiz.de/10011608839
transport sector affect their productivity. In order to compare different institutional regimes, we carry out a comparative … productivity, which we regress on firm and city characteristics. We find that when firms are totally or partially in public hands … their productivity is lower. Moreover, firms selected through competitive tendering display higher total factor productivity. …
Persistent link: https://www.econbiz.de/10010272456
indicators such as employment, turnover, and labour productivity growth. We exploit a unique dataset of 773 Italian service firms … employment, turnover, and labour productivity from the System of the Enterprise Account (SEA). We specify a Gibrat-like empirical … and turnover and a consequent not significant effect on labour productivity growth. The effect on employment is partly in …
Persistent link: https://www.econbiz.de/10010270950