How does government ownership affect firm performance? A simple model of privatization in transition economies
We present a game-theoretical model of privatization in transition economies. We consider the costs and benefits of government ownership and derive the net effect of government ownership on firm performance. Model predictions are consistent with empirical evidence in the literature.
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- Rousseau, Peter L. & Xiao, Sheng, 2008. "Change of control and the success of China's share-issue privatization," China Economic Review, Elsevier, vol. 19(4), pages 605-613, December.
- Roman Frydman & Cheryl Gray & Marek Hessel & Andrzej Rapaczynski, 1999. "When Does Privatization Work? The Impact of Private Ownership on Corporate Performance in the Transition Economies," The Quarterly Journal of Economics, Oxford University Press, vol. 114(4), pages 1153-1191.
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