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Title:Firm performance and privatization in Ukraine PDF Logo
Authors:Grygorenko, Galyna
Lutz, Stefan
Issue Date:2004
Series/Report no.:ZEI working paper B 27-2004
Abstract:Investigating the effects of privatization in transition countries is the focus of a large body of current research. Generally, privatization stimulates private sector development, attracts foreign direct investment, fosters competition and contributes to the formation of stock markets. In addition, privatization may improve individual enterprises’ performance. This paper investigates the impact of privatization on Ukrainian firms’ productivity. The empirical research is based on a sample of 466 Ukrainian joint-stock enterprises for the period of 1997 – 1999. Estimation results indicate that privatization positively influences labor productivity, but also that these effects diminish over time.
Subjects:Ukraine
manufacturing firms
ownership
profitability
JEL:L22
L60
M10
Document Type:Working Paper
Appears in Collections:ZEI Working Papers, Zentrum für Europäische Integrationsforschung, Universität Bonn

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