haku: @author Persson, L. / yhteensä: 8
viite: 3 / 8
| Tekijä: | Norbäck, P-J. Persson, L. |
| Otsikko: | Endogenous asset ownership structures in deregulated markets |
| Lehti: | European Economic Review
2006 : OCT, VOL. 50:7, p. 1729-1752 |
| Asiasana: | foreign investment direct investment privatization employment markets auctions models |
| Vapaa asiasana: | FDI ownership |
| Kieli: | eng |
| Tiivistelmä: | In this study, the equilibrium (hereafter as: eql.) ownership structure (here as: strct.) is determined in an emerging market deregulated by a joint privatization (here as: priv-n.) and investment liberalization. It is shown that bidding competition in the priv-n. stage is not sufficient for reaching an efficient eql. market strct. etc. Furthermore, it is also shown that employment guarantees may "help" the buyer of the privatized firm "abstain" from investing, thus creating a less competitive market structure. |
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