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 …

efficiency gains result from better incentives and productivity, rather than from wholesale firing of employees and profitability …

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 …

factor productivity in a large sample of Italian firms. By splitting the full sample on the basis of the ex-ante likelihood … shocks, provided they affect all firms randomly. Both market power and total factor productivity are estimated by applying …" firms a positive transitory shock to productivity growth rates is observed immediately after the announcement of the reform …