search query: @indexterm political conditions / total: 41
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| Author: | Hau, H. |
| Title: | Privatization under political interference: Evidence from Eastern Germany |
| Journal: | European Economic Review
1998 : JUL, VOL. 42:7, p. 1177-1201 |
| Index terms: | PRIVATIZATION GERMANY POLITICAL CONDITIONS LIQUIDATION TIME |
| Language: | eng |
| Abstract: | The article asks if privatization authority can be successfully delegated to a privatization agency. The liquidation policy of the German privatization agency is examined. The paper includes both a theoretical and an empirical part. The latter part uses micro data on 1804 privatization contracts and 1097 liquidation decisions to verify the model predictions. By the data the view is confirmed that political liquidation constraints are an important determinant of privatization outcomes. |
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