Showing 1 - 10 of 115
We extend agency theory to propose that structural reform positively impacts firm profitability indeveloping countries because the improvements in external monitoring that accompany structuralreform decrease the agency costs faced by firms. However, we also argue that not all firmsbenefit...
Persistent link: https://www.econbiz.de/10009360511
We examine financial constraints and forms of finance used for investment, byanalysing survey data on 157 large privatised companies in Hungary and Poland for theperiod 1998 – 2000. The Bayesian analysis using Gibbs sampling is carried out toobtain inferences about the sample companies’...
Persistent link: https://www.econbiz.de/10005868232
In this paper, we provide an explanation of why privatization may attract foreign investorsinterested in entering a … regional market. Privatization turns the formerly-public firm into a lessaggressive competitor since profit- maximizing output …/subsidycompetition for FDI before and after privatization. We show that policy competition isirrelevant in the presence of a public firm …
Persistent link: https://www.econbiz.de/10005868747
A government agency wants an infrastructure-based public service to be provided. Our experimental study compares two different modes of provision. In a public-private partnership, the two tasks of building the infrastructure and operating it are delegated to one private contractor (a...
Persistent link: https://www.econbiz.de/10009302653
This paper analyses the shifting balance between public sector and privatesector welfare provision in the United Kingdom over the past two decades. Fivesectors – education, health, personal social services, housing, and incomemaintenance and social security – are examined over three time...
Persistent link: https://www.econbiz.de/10009354035
We re-examine the labor donation theory of not-for-profits and show that these organizations may exist notnecessarily because motivated workers prefer to work in them, or that they dominate for-profits in terms ofwelfare, but because the excess supply of motivated workers makes the non-profit...
Persistent link: https://www.econbiz.de/10009354074
The literature shows that for most UK industries privatization might be necessary but is not sufficient to produce … than privatization itself. We ask what changes around privatization had the greatest impact on efficiency for UK … electricity generators. We analyse the effects of privatization and other changes in incentives on plant efficiency using a newly …
Persistent link: https://www.econbiz.de/10009354096
firms. First,accounting data prior to and after the privatization are employed to measure the operatingperformance of … different to private counterparts. Overallresults, however, show that the privatization in Sweden was not as successful as it …
Persistent link: https://www.econbiz.de/10009360652
volunteers belonging to public, private forprofit and private nonprofit institutions delivering social services in Italy. The … cooperatives and religious institutions, where formal hiring methods are not common. Interestingly, the differences in hiring and …
Persistent link: https://www.econbiz.de/10005860262
Studies of public-private and foreign-domestic wage differentials face difficultiesdistinguishing ownership effects from correlated characteristics of workers and firms. Thispaper estimates these ownership differentials using linked employer-employee data (LEED)from Hungary containing 1.35mln...
Persistent link: https://www.econbiz.de/10005861527