Seminal theories of the firm posit that firm ownership is allocated to minimize contractual inefficiencies. Yet, it … remains unclear how much the optimal ownership choice affects firm performance in practice. This paper provides a first … quantification of the gains from optimal ownership within multinational firms, by exploiting a major liberalization of China's policy …

In this paper, we analyze the effects of trade, concentration and ownership on the pricing behavior of firms in two …

governance and ownership structures of the two countries. Our study explains much of the empirical puzzle of different market …

This paper determines the equilibrium ownership structure in an emerging market deregulated by privatization and …

We propose a model of investments prior to corporate ownership changes. We derive conditions under which the selling of …

describe the post-privatization ownership structure and to test the effect of alternative privatization policies on firm … significant effect of private ownership share on the level and growth of labor productivity, the estimates ranging from 13 to 32 …