Showing 1 - 10 of 11,410
privatization (i.e., IPO) has different effects depending on the types of owners to whom it gives control in corporate governance …
Persistent link: https://www.econbiz.de/10012212672
show that state ownership has a U-shaped relationship with firm performance. The Split Share Structure Reform in 2005 … connections. The Split Share Structure Reform made previously non-tradable shares legally tradable, improving corporate governance …
Persistent link: https://www.econbiz.de/10011825783
privatization could improve the performance of public firms. However, a study over a longer period is needed before these results …
Persistent link: https://www.econbiz.de/10012007648
This paper works with a broad data sample of Czech voucher-privatized firms during 1996-1999. It analyzes the development of ownership structure and consequently its effect on a firm's performance Ownership concentration had been quite high in 1996 and steadily increased. The single largest...
Persistent link: https://www.econbiz.de/10013153541
determines whether such performance differs across firms according to their new ownership structure. The Egyptian privatization … program provides unique post-privatization data on different ownership structures. Since most studies do not distinguish … between the types of ownership, this paper provides new insight into the impact that post-privatization ownership structure …
Persistent link: https://www.econbiz.de/10013004377
We empirically study the relation between managerial ownership and firm performance in a unique private firm setting. The simplicity of the ownership structure and nature of our sample firms helps isolate the incentive-aligning effect of managerial ownership from the influence of other effects....
Persistent link: https://www.econbiz.de/10013290126
This paper investigates the existence of ownership effects in the global oil and gas industry, i.e. whether there are systematic performance and efficiency differentials between National Oil Companies (NOCs) and privately-owned International Oil Companies (IOCs). After discussing key issues of...
Persistent link: https://www.econbiz.de/10014217790
determines whether such performance differs across firms according to their new ownership structure. The Egyptian privatization … program provides unique post-privatization data on different ownership structures. Since most studies do not distinguish … between the types of ownership, this paper provides new insight into the impact that post-privatization ownership structure …
Persistent link: https://www.econbiz.de/10014126013
companies is not evidence per se that China's SIP program is ineffective or unsuccessful. Instead, the positive privatization …This paper argues that the documented post-share issue privatization (SIP) decline in profitability of divested Chinese … their EBIT/Sales by 3.8%. After adjusting for this negative listing effect, however, we show that China's SIP program yields …
Persistent link: https://www.econbiz.de/10013012697