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...

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,...