Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/172415
Authors: 
Earle, John S.
Telegdy, Almos
Year of Publication: 
2002
Series/Report no.: 
Upjohn Institute Working Paper No. 02-81
Publisher: 
W.E. Upjohn Institute for Employment Research, Kalamazoo, MI
Abstract: 
Comprehensive panel data on privatization transactions and labor productivity in Romanian industrial corporations are used to describe the post-privatization ownership structure, and to estimate the effect of Romania's diverse privatization policies on firm performance. The econometric results show consistently positive, highly significant effects of private ownership on labor productivity growth, the point estimates implying an increased 1.0 to 1.7 percentage growth for a 10 percent rise in private shareholding. The strongest estimated impacts are associated with sales to outside blockholders; insider transfers and mass privatization are estimated to have significantly smaller-although still positive-effects on firm performance.
Subjects: 
Romania
privatization
Earle
Telegdy
JEL: 
G32
G34
L32
L33
P20
P31
Persistent Identifier of the first edition: 
Additional Information: 
A revised version of this paper appears in the Journal of Comparative Economics, Vol. 30, No. 4 (December 2002). See http://ideas.repec.org/a/eee/jcecon/v30y2002i4p657-682.html. Please cite this revised version.
Document Type: 
Working Paper

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