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dc.contributor.authorKoécenda, Evézenen
dc.contributor.authorHanousek, Janen
dc.date.accessioned2011-06-10-
dc.date.accessioned2011-06-29T11:20:26Z-
dc.date.available2011-06-29T11:20:26Z-
dc.date.issued2011-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x3465en
dc.subject.jelD23en
dc.subject.jelG32en
dc.subject.jelG34en
dc.subject.jelL20en
dc.subject.jelM21en
dc.subject.jelP47en
dc.subject.ddc330en
dc.subject.keywordbreak-up of firmsen
dc.subject.keywordcorporate performanceen
dc.subject.keywordownership changesen
dc.subject.keywordprivatizationen
dc.subject.keywordemerging marketsen
dc.subject.keywordendogeneityen
dc.subject.keywordpropensity score matching procedureen
dc.subject.stwDesinvestitionen
dc.subject.stwPrivatisierungen
dc.subject.stwUnternehmensentwicklungen
dc.subject.stwAufstrebende Märkteen
dc.subject.stwSchätzungen
dc.subject.stwTschechische Republiken
dc.titleDivide and privatize: Firm break-up and performance-
dc.typeWorking Paperen
dc.identifier.ppn661901688en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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