Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/180535
Authors: 
Hagemeier, Jan
Svejnar, Jan
Tyrowicz, Joanna
Year of Publication: 
2018
Series/Report no.: 
IZA Discussion Papers 11517
Abstract: 
In this paper we provide the first analysis of whether rushed privatizations, usually carried out under fiscal duress, increase or decrease firms' efficiency, scale of operation (size) and employment. Using a large panel of firm-level data from Poland over 1995-2015, we show that rushed privatization has negative efficiency, scale and employment effects relative to non-rush privatization. The negative effect of rushed privatization on the scale of operations and employment is even stronger than its negative effect on efficiency. Our results suggest that when policy makers resort to rushed privatization, they ought to weigh these negative effects against other expected effects (e.g. on fiscal revenue).
Subjects: 
privatization
rushed privatization
efficiency
firm size
employment
performance
JEL: 
P45
P52
C14
O16
Document Type: 
Working Paper
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