several types of owners have an effect on certain performance measures. There does not exist support that type of owner has an …

that several types of owners have an effect on certain performance measures. However, there does not exist support that …

Voucher privatization programmes have been criticized for leading to excessively dispersed ownership and hence failure … privatization programme and subsequent stock market developments. Contrary to prior fears, dominant investors did emerge in most …

that several types of owners have an effect on certain performance measures. However, there does not exist support that …

capture true post-privatization effects. It analyzes the effect of ownership structure on corporate performance and firm …, particular types of domestic owners do not affect firm's performance but they do affect firm's characteristics. Effect of foreign … owners is limited. No clear or unambiguous effect of changes in ownership structure on corporate performance emerged. …

owners or are replaced. In addition, due to the limited number of managers with market-economy skills in Vietnam, we avoid …, Nash and Van Randenborgh (MNR 1994) by using the Wilcoxon and proportion tests to compare the pre- and post-privatization … studies, it has its shortcomings. Indeed, this method is unable to isolate the impact of privatization on firm performance …

better performance than ownership concentrated by the domestic owners. Ownership by Ukrainian investment funds and holding …, privatization methods had a lasting effect on ownership structure in Ukraine. …

soft budget-constraint syndrome, while privatization encourages the budget constraint to harden, although it does not form … liberalization, privatization and stabilization would suffice to produce an efficient market economy. Since then, it has become clear … that hardening the budget constraint needs to be given equal priority with these. Otherwise, the effects of privatization …