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Effects of Privatization and Ownership in Transition Economies

The paper evaluates the effects of privatization in the post-communist economies and China. In post-communist economies privatization to foreign owners results in a rapid improvement in performance of firms, while performance effects of privatizati...

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Bibliographic Details
Main Authors: Estrin, Saul, Hanousek, Jan, Kocenda, Evzen, Svejnar, Jan
Language:English
Published: 2012
Subjects:
ACCOUNTING
ACCOUNTING SYSTEMS
ALLOCATION OF RESOURCES
ARREARS
ASSET OWNERSHIP
BANK DEBT
BANKS
BUDGET CONSTRAINT
BUDGET CONSTRAINTS
CAPITAL MARKETS
CAPITALISM
CASE OF PRIVATIZATION
CENTRAL PLANNERS
CENTRAL PLANNING
COLLECTIVE OWNERSHIP
COMMUNIST
COMPANY PERFORMANCE
COMPETITIVE MARKET
CONCENTRATION OF OWNERSHIP
CORPORATE GOVERNANCE
CORPORATE OWNERSHIP
CORRUPTION
CREDIT RATIONING
DEBT
DEPENDENT
DISTRIBUTION OF INCOME
DISTRIBUTION OF OWNERSHIP
DIVESTITURES
DIVIDEND
DIVIDEND POLICY
DOMESTIC FINANCING
ECONOMIC ANALYSIS
ECONOMIC CHANGE
ECONOMIC DEVELOPMENT
ECONOMIC EFFICIENCY
ECONOMIC GROWTH
ECONOMIC OUTPUT
ECONOMIC PERFORMANCE
ECONOMIC POLICY
ECONOMIC REFORM
ECONOMIC SYSTEM
ECONOMICS
ECONOMICS OF TRANSITION
ECONOMIES IN TRANSITION
EFFECT ON EMPLOYMENT
EFFECTIVE GOVERNANCE
EFFICIENCY IMPROVEMENTS
EMERGING MARKETS
EMPLOYEE OWNERSHIP
EMPLOYEE PARTICIPATION
ENFORCEMENT OF LAWS
ENTERPRISE EFFICIENCY
ENTERPRISE PERFORMANCE
ENTERPRISE RESTRUCTURING
ENTREPRENEURSHIP
EXECUTIVE DIRECTORS
EXTENT OF PRIVATIZATION
EXTERNALITIES
FINANCIAL INTERMEDIARIES
FINANCIAL MANAGEMENT
FINANCIAL MARKETS
FINANCIAL SECTOR
FINANCIAL SECTOR DEVELOPMENT
FINANCIAL SYSTEMS
FIRM PERFORMANCE
FOREIGN DIRECT INVESTMENT
FOREIGN FIRMS
FOREIGN INVESTMENT
FOREIGN INVESTORS
FOREIGN MARKETS
FOREIGN OWNERSHIP
FREE ECONOMY
FREE MARKETS
FREE RIDER PROBLEM
FULL EMPLOYMENT
GENERAL EQUILIBRIUM
GLOBAL PRIVATIZATION
GOLDEN SHARE
GOLDEN SHARES
GOVERNMENT OWNERSHIP
HARD BUDGET
HARD BUDGET CONSTRAINTS
HUMAN CAPITAL
IMPACT OF PRIVATIZATION
IMPACT OF PRIVATIZATION ON COMPANY
IMPACT OF PRIVATIZATION ON COMPANY PERFORMANCE
IMPERFECT COMPETITION
INCENTIVE PROBLEMS
INCOME DISTRIBUTION
INFLATION
INSTITUTIONAL DEVELOPMENT
INSTITUTIONAL ENVIRONMENT
INSTITUTIONAL FRAMEWORK
INSTITUTIONAL REFORMS
INSTITUTIONAL SETTING
INTERNATIONAL BANK FOR RECONSTRUCTION
INTERNATIONAL BUSINESS
INTERNATIONAL TRADE
INVESTMENT FUND
INVESTMENT FUNDS
JOB CREATION
JOINT VENTURES
LABOR CONTRACTS
LABOR PRODUCTIVITY
LARGE SHAREHOLDERS
LARGE-SCALE PRIVATIZATION
LEGAL FRAMEWORK
LEGAL REFORM
LEGAL SYSTEM
LOOTING
MACROECONOMIC IMPACT OF PRIVATIZATION
MACROECONOMICS
MAJORITY OWNERSHIP
MARKET ECONOMIES
MARKET ECONOMY
MARKET FORCES
MARKET PRICES
MARKET STRUCTURE
MASS PRIVATIZATION
MASSIVE PRIVATIZATION
METHODS OF PRIVATIZATION
MINORITY SHAREHOLDER
MINORITY SHAREHOLDERS
MIXED OWNERSHIP
MONOPOLY POWER
MUNICIPAL OWNERSHIP
NATURAL MONOPOLY
NOMINAL PRICES
OWNERSHIP CHANGES
OWNERSHIP CONCENTRATION
OWNERSHIP RIGHTS
OWNERSHIP STRUCTURE
OWNERSHIP STRUCTURES
PAYMENT OF DIVIDENDS
PERFORMANCE OF FIRMS
PERFORMANCE OF PRIVATE
POLITICAL ECONOMY OF PRIVATIZATION
POLITICAL OPPOSITION
PREDICTIONS
PRICE LIBERALIZATION
PRICE SETTING
PRIVATE FIRMS
PRIVATE OWNERS
PRIVATE OWNERSHIP
PRIVATE SECTOR
PRIVATIZATION
PRIVATIZATION DATA
PRIVATIZATION IN TRANSITION ECONOMIES
PRIVATIZATION METHODS
PRIVATIZATION OF STATE
PRIVATIZATION ON EMPLOYMENT
PRIVATIZATION PROCEEDS
PRIVATIZATION PROCESS
PRIVATIZATION PROGRAMS
PRIVATIZATION REVENUES
PRIVATIZATION VOUCHERS
PRIVATIZATIONS
PROCUREMENT
PRODUCTIVITY
PROFIT MAXIMIZATION
PROFITABILITY
PROPERTY RIGHTS
PROPERTY TRANSFERS
PUBLIC GOODS
PUBLIC POLICY
RECESSION
REGULATORY CONTROLS
RESOURCE ALLOCATION
RETURN ON ASSETS
SALE OF ASSETS
SALES REVENUES
SHARE OWNERSHIP
SHARE PRICES
SHAREHOLDER PROTECTION
SHAREHOLDING
SOCIALIST ECONOMICS
SOCIALIST ECONOMIES
SOCIALIST SYSTEM
STABILIZATION
STAKEHOLDERS
STATE CONTROL
STATE MANAGERS
STATE OWNERSHIP
STOCK EXCHANGE
TECHNICAL EFFICIENCY
TRADE LIBERALIZATION
TRANSFER OF OWNERSHIP
TRANSFERS OF SHARES
TRANSITION ECONOMIES
TYPE OF OWNERSHIP
VOLATILITY
VOUCHER PRIVATIZATION
WAGES
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090107093820
http://hdl.handle.net/10986/4009

Internet

http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090107093820
http://hdl.handle.net/10986/4009

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