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Wykorzystanie nowego instrumentu do lokalnego pomiaru wpływu prywatyzacji na wyniki przedsiębiorstw

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  • Hagemejer, Jan
  • Tyrowicz, Joanna

Abstract

Despite an apparent consensus in the literature that privatisation universally leads to an increase in firm performance, the problem of endogeneity bias is profound and has been emphasised in a number of meta-analyses. We propose a new instrument to address the endogeneity bias and apply it to Polish medium-sized and large firms in the period of 1995 to 2008. We find that improvements in firm performance are not universal; in particular, we find no improvement among manufacturing firms privatised to domestic investors.

Suggested Citation

  • Hagemejer, Jan & Tyrowicz, Joanna, 2020. "Wykorzystanie nowego instrumentu do lokalnego pomiaru wpływu prywatyzacji na wyniki przedsiębiorstw," Gospodarka Narodowa-The Polish Journal of Economics, Szkoła Główna Handlowa w Warszawie / SGH Warsaw School of Economics, vol. 2020(3), September.
    • Handle: RePEc:ags:polgne:359213
    DOI: 10.22004/ag.econ.359213
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