haku: @indexterm privatization / yhteensä: 703
viite: 118 / 703
| Tekijä: | Harper, J. T. |
| Otsikko: | Short-term effects of privatization on operating performance in the Czech Republic |
| Lehti: | Journal of Financial Research
2001 : SPRING, VOL. 24:1, p. 119-131 |
| Asiasana: | PRIVATIZATION CZECH REPUBLIC PROFITABILITY |
| Kieli: | eng |
| Tiivistelmä: | In this article the author uses a sample of 178 Czech firms that were in the first wave of voucher privatization to test changes in efficiency and profitability. Based on a previous study's methodology, nonparametric tests reveal that efficiency and profitability decreased immediately following privatization. This is in contrast to earlier studies that find privatization increases these measures. Changes in firms' operations do not vary significantly by size or ownership but do vary by industry type, with nonmanufacturing firms having more positive (or less negative) changes after privatization. Evidence indicates that in spite of the disappointing findings, positive operating performance changes are taking place, such as a decrease in employment. |
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