Lizal, Lubomir; Singer, Miroslav; Svejnar, Jan - In: The Review of Economics and Statistics 83 (2001) 1, pp. 92-99
Using firm-level data, we estimate the effects of the major wave of 1991 breakups of Czechoslovak state-owned enterprises on the subsequent performance of the "master enterprises" and spun-off divisions. We estimate the performance effects of spinoffs by comparing the performance of enterprises...
