By using new panel data for a sample of Bulgarian firms that comprises both state-owned and privatized firms (including new private firms), evidence is presented on the potential impact of ownership and age of the firm on diverse issues concerning corporate governance and executive compensation...

By using panel data for a sample of Bulgarian manufacturing firms we investigate the impact of the privatization process. All sample firms started under state control and many were privatized during the study period. Our rich data enable us to use and estimate a number of specifications to...