EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/46509
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorKoécenda, Evézenen_US
dc.contributor.authorHanousek, Janen_US
dc.date.accessioned2011-06-10en_US
dc.date.accessioned2011-06-29T11:20:26Z-
dc.date.available2011-06-29T11:20:26Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/46509-
dc.description.abstractWe 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_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper: Industrial Organisation 3465en_US
dc.subject.jelD23en_US
dc.subject.jelG32en_US
dc.subject.jelG34en_US
dc.subject.jelL20en_US
dc.subject.jelM21en_US
dc.subject.jelP47en_US
dc.subject.ddc330en_US
dc.subject.keywordbreak-up of firmsen_US
dc.subject.keywordcorporate performanceen_US
dc.subject.keywordownership changesen_US
dc.subject.keywordprivatizationen_US
dc.subject.keywordemerging marketsen_US
dc.subject.keywordendogeneityen_US
dc.subject.keywordpropensity score matching procedureen_US
dc.subject.stwDesinvestitionen_US
dc.subject.stwPrivatisierungen_US
dc.subject.stwUnternehmensentwicklungen_US
dc.subject.stwAufstrebende Märkteen_US
dc.subject.stwSchätzungen_US
dc.subject.stwTschechische Republiken_US
dc.titleDivide and privatize: Firm break-up and performanceen_US
dc.typeWorking Paperen_US
dc.identifier.ppn661901688en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:CESifo Working Papers, CESifo Group Munich

Files in This Item:
File Description SizeFormat
661901688.pdf403.21 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.