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https://hdl.handle.net/10419/46509
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Koécenda, Evézen | en |
dc.contributor.author | Hanousek, Jan | en |
dc.date.accessioned | 2011-06-10 | - |
dc.date.accessioned | 2011-06-29T11:20:26Z | - |
dc.date.available | 2011-06-29T11:20:26Z | - |
dc.date.issued | 2011 | - |
dc.identifier.uri | http://hdl.handle.net/10419/46509 | - |
dc.description.abstract | We analyze the long-term effects of firm break-up and ownership change on corporate performance. Our analysis is based on a unique data set for a large number of Czech firms spanning the period 1996-2005. We employ a propensity score matching procedure to deal with endogeneity problems. Our results, which are generally in line with the positive effects of firm break-up found in the developed-market literature, show that the initial effects of firm break-up are positive but after a certain point they quickly diminish over time. Factors like changes in ownership structure and management are to be found behind later improvements in the performance of firms. | en |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x3465 | en |
dc.subject.jel | D23 | en |
dc.subject.jel | G32 | en |
dc.subject.jel | G34 | en |
dc.subject.jel | L20 | en |
dc.subject.jel | M21 | en |
dc.subject.jel | P47 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | break-up of firms | en |
dc.subject.keyword | corporate performance | en |
dc.subject.keyword | ownership changes | en |
dc.subject.keyword | privatization | en |
dc.subject.keyword | emerging markets | en |
dc.subject.keyword | endogeneity | en |
dc.subject.keyword | propensity score matching procedure | en |
dc.subject.stw | Desinvestition | en |
dc.subject.stw | Privatisierung | en |
dc.subject.stw | Unternehmensentwicklung | en |
dc.subject.stw | Aufstrebende Märkte | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Tschechische Republik | en |
dc.title | Divide and privatize: Firm break-up and performance | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 661901688 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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