Ownership and performance of Lithuanian enterprises
AbstractThe author presents some evidence of improved corporate performance in Lithuania for the period 1995-97. His question: Were these improvements in any way caused by privatization and changes in the environment in which enterprises operate? He presents evidence of correlation between ownership and enterprise performance as measured by increased revenues, and improved export performance. Controlling for pre-selection bias increases the magnitude, and significance of private share ownership, which indicates negative selection bias at privatization. On the other hand, (expected) subsidies seem to contribute negatively to enterprise performance. However, the study finds no clear evidence of the effect of market competition on performance indicators in the short run. The author's is the first study to analyze the consequences of commercial (as opposed to mass) privatization in Central and Eastern European countries.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 2343.
Date of creation: 31 May 2000
Date of revision:
International Terrorism&Counterterrorism; Banks&Banking Reform; Municipal Financial Management; FinancialCrisis Management&Restructuring; Judicial System Reform; Legal Institutions of the Market Economy; Banks&Banking Reform; Municipal Financial Management; Financial Crisis Management&Restructuring; Judicial System Reform;
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Desai, Raj M. & Olofsgard, Anders, 2006. "The political advantage of soft budget constraints," European Journal of Political Economy, Elsevier, vol. 22(2), pages 370-387, June.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Roula I. Yazigi).
If references are entirely missing, you can add them using this form.