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| Author: | Harper, J. T. |
| Title: | The performance of privatized firms in the Czech Republic |
| Journal: | Journal of Banking and Finance
2002 : APR, VOL. 26:4, p. 621-650 |
| Index terms: | PRIVATIZATION CZECH REPUBLIC PERFORMANCE APPRAISAL COMPANIES |
| Language: | eng |
| Abstract: | This study uses 453 separate firms (101 firms privatized in both waves for a total of 554 observations), in the first and second waves of Czech voucher privatization. Using methodology from previous studies, the authors find that while the overall effects from privatization are positive, the effects vary by privatization wave, size, and industry. Firms privatized in the first wave performed worse (decline in performance following privatization) than firms privatized in the second wave. The authors also fail to find ownership concentration or debt as an important factor in restructuring the firm. The paper provides a substantial list of references on this subject. |
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