Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/21183 
Erscheinungsjahr: 
2001
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 326
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
We construct and analyze a unique database with 1992-99 information on privatization transactions and labor productivity for the entire surviving population of initially state-owned industrial corporations in Romania. The data permit us to describe the post-privatization ownership structure and to test the effect of alternative privatization policies on firm performance in a panel framework. The results of OLS, LAD, and fixed-effects estimations consistently show a positive, highly significant effect of private ownership share on the level and growth of labor productivity, the estimates ranging from 13 to 32 log points for the level, and 9 to 16 for productivity growth. The strongest estimated impacts arise from sales to foreign and domestic blockholders, but insider and mass privatization are also estimated to have positive, although smaller, impacts on firm performance.
Schlagwörter: 
Privatization
ownership
firm performance
restructuring
transition
Romania
JEL: 
P20
L32
G34
L33
G32
P31
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
215.08 kB





Publikationen in EconStor sind urheberrechtlich geschützt.