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In this paper we use rich panel data for a representative sample of Estonian enterprises to analyse diverse issues related to the determinants of ownership structures and ownership changes after privatisation. A key focus is to determine whether ownership changes are related to economic...
Persistent link: https://www.econbiz.de/10012732315
To provide evidence on patterns of and changes in ownership structures both at the start and during early privatization, we develop different typologies of enterprise ownership and use new data for more than 1500 firms in the Baltic Republics. We find that: (i) by international standards,...
Persistent link: https://www.econbiz.de/10012789748
Persistent link: https://www.econbiz.de/10002125671
The role of government shareholding in corporate performance is central to an understanding of China's newly privatized large firms. In this paper, we analyze shareholders as agents that can both harm and benefit companies. We examine the ownership structure of 826 listed corporations and find...
Persistent link: https://www.econbiz.de/10012736716
In this paper we explore the ways in which institutions and networks influence entrepreneurial development in Russia. By utilizing new Global Entrepreneurship Monitor (GEM) data collected in 2001, we investigate the effects of the weak institutional environment in Russia in terms of three...
Persistent link: https://www.econbiz.de/10012733385
This paper reviews the recent empirical evidence on privatization in developing countries, with particular emphasis on new areas of research such as the distributional impacts of privatization. Overall, the literature now reflects a more cautious and nuanced evaluation of privatization. Thus,...
Persistent link: https://www.econbiz.de/10012702060
The role of government shareholding in corporate performance is central to an understanding of China's newly privatized large firms. In this paper, we analyze shareholders as agents that can both harm and benefit companies. We examine the ownership structure of 826 listed corporations and find...
Persistent link: https://www.econbiz.de/10012784909
Persistent link: https://www.econbiz.de/10005500104
This study examines data on French producer cooperatives for the years 1970–79 to test the widely accepted theoretical prediction that employee-owned firms either will fail as commercial undertakings or degenerate into capitalist firms as the proportion of hired workers who are not...
Persistent link: https://www.econbiz.de/10011138226
The authors analyze the differences between the behavior of private firms and that of producer cooperatives in a matched sample of the two organizational types from the regions of Emilia Romagna and Toscana in North-Central Italy, where producer cooperatives are numerous. Individual firm-level...
Persistent link: https://www.econbiz.de/10011127307