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impact of regional labour markets. By using a panel of 329 Polish largest firms during the period 1997-2001, we find evidence … in state firms are highly responsive to regional labour market conditions, while firms in other sectors are not. Rent …
Persistent link: https://www.econbiz.de/10014077856
data permit us to track the privatization process and to estimate the impact of privatization within industry-year cells … majority privatized versus state-owned firms. The gap increases with time since privatization, reaching about 15-17% five years … after privatization. It also increases with calendar time although recent privatizations are associated with smaller …
Persistent link: https://www.econbiz.de/10011309155
The privatisation policy pursued in the UK by Mrs Thatcher's government (1979-1990) and subsequently by Mr Major's government (1990-1997) was the largest experiment in public divestitures among capitalist economies. It had a deep impact on economic policy-making world wide, and was vastly...
Persistent link: https://www.econbiz.de/10011324982
The privatisation policy pursued in the UK by Mrs Thatcher's government (1979-1990) and subsequently by Mr Major's government (1990-1997) was the largest experiment in public divestitures among capitalist economies. It had a deep impact on economic policy-making world wide, and was vastly...
Persistent link: https://www.econbiz.de/10005423235
We construct and analyze a unique database with 1992-99 information on privatization transactions and labor … describe the post-privatization ownership structure and to test the effect of alternative privatization policies on firm … and domestic blockholders, but insider and mass privatization are also estimated to have positive, although smaller …
Persistent link: https://www.econbiz.de/10001610643
Mongolia's mass privatization program was implanted in a country that lacked the very basic institutions of capitalism …
Persistent link: https://www.econbiz.de/10014183475
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
-scale privatization in Russia. The analysis shows that although employee buyouts have helped to reduce unemployment and prevent major …
Persistent link: https://www.econbiz.de/10014221198
We construct a comprehensive panel data of 96 publicly traded European utilities over the period 1994-2005 in order to study the relationship between the capital structure of regulated firms, regulated prices, and investments, and examine if and how this interaction is affected by ownership...
Persistent link: https://www.econbiz.de/10014223408
privatization, but also that most respondents prefer to leave firms in private hands. We test three theories of support for reform … by examining who wants to revise privatization and why. First, consistent with a "utilitarian" view, respondents with … poor human capital and few assets support revising privatization in all institutional settings and hold this view because …
Persistent link: https://www.econbiz.de/10014224806