Chong, Alberto; Lopez-de-Silanes, Florencio - In: Annals of Economics and Finance 15 (2014) 2, pp. 535-591
Critics of privatization argue that poor labor force restructuring is a key concern and that governments should establish better retrenchment programs. Using new data from a random sample of 400 companies in the world, we test competing theories about the wisdom of retrenchment programs and...
