Showing 1 - 10 of 17
This paper analyzes the effects of ownership structure on corporate environmental performance and examines the link … from financial performance to environmental performance in a transition economy. In particular, it analyzes these ownership … ownership and various types of private ownership, while contrasting concentrated and diffuse forms of private ownership …
Persistent link: https://www.econbiz.de/10005489933
Relying upon a rich and unique panel of Hungarian firms over 7 years, from 1992 up to 1998, this paper estimates simultaneously TFP, Total Factor Productivity, identified as efficiency, and the parameters of a model where investment depends upon internal funds, wages, and sales, as in Prasnikar...
Persistent link: https://www.econbiz.de/10005651491
We analyze the effects of ownership type and concentration on performance of a population of firms in a model large … that few types of private ownership improve dynamic post-privatization performance. Concentrated foreign (but not domestic …) ownership improves some measures of performance relative to state ownership. Foreign investors engage in strategic restructuring …
Persistent link: https://www.econbiz.de/10005652527
ownership structure. The first section summarizes what we know about output and employment patterns in Russian industry between … Russia experienced an unsustainably low elasticity of labor in the first stage of the transition process. However, ownership …
Persistent link: https://www.econbiz.de/10005652629
We analyze the effect of ownership on post-privatization performance in a virtually complete population of medium and … ownership improves economic performance, but domestic private ownership does not, relative to state ownership. Foreign firms … increasing profit. Ownership concentration is associated with superior performance, thus providing support to the agency theory …
Persistent link: https://www.econbiz.de/10005652658
models of investment and test if investment behavior varies across categories of ownership and with the legal status of firms … ownership-legal form categories of firms. Retained profit is found to be the major determinant of new investment and the … owned-limited liability companies and foreign owned and mixed ownership firms. These results are consistent with the …
Persistent link: https://www.econbiz.de/10005652659
ownership-legal form categories of firms. By using a large panel of quarterly observations, we eliminate biases introduced by …
Persistent link: https://www.econbiz.de/10005652683
Economic development implies that the efficiency of firms in developing countries is approaching that of firms in advanced economies. We examine the extent of this convergence in the Czech Republic and Russia, economies that represent alternative models of implementing development policies,...
Persistent link: https://www.econbiz.de/10005677460
expand competition, move toward well-specified assignment of ownership rights to public enterprises, and reduce transaction … efficient ownership arrangements. We review the extent to which China's reforms have established the conditions for an effective … market in ownership rights to industrial property. We tabulate progress from 1 980 to present along the three major analytic …
Persistent link: https://www.econbiz.de/10005677494
It has long been argued that private ownership of firms leads to better firm performance. However, theory as well as … 1999- 00 ownership was no longer a significant determinant of performance; induced by competition, public sector banks were …
Persistent link: https://www.econbiz.de/10005677497