Effects of Privatization and Ownership in Transition Economies

The paper evaluates the effects of privatization in the post-communist economies and China. In post-communist economies privatization to foreign owners results in a rapid improvement in performance of firms, while performance effects of privatizati...

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Bibliographic Details
Main Authors:	Estrin, Saul, Hanousek, Jan, Kocenda, Evzen, Svejnar, Jan
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ACCOUNTING ACCOUNTING SYSTEMS ALLOCATION OF RESOURCES ARREARS ASSET OWNERSHIP BANK DEBT BANKS BUDGET CONSTRAINT BUDGET CONSTRAINTS CAPITAL MARKETS CAPITALISM CASE OF PRIVATIZATION CENTRAL PLANNERS CENTRAL PLANNING COLLECTIVE OWNERSHIP COMMUNIST COMPANY PERFORMANCE COMPETITIVE MARKET CONCENTRATION OF OWNERSHIP CORPORATE GOVERNANCE CORPORATE OWNERSHIP CORRUPTION CREDIT RATIONING DEBT DEPENDENT DISTRIBUTION OF INCOME DISTRIBUTION OF OWNERSHIP DIVESTITURES DIVIDEND DIVIDEND POLICY DOMESTIC FINANCING ECONOMIC ANALYSIS ECONOMIC CHANGE ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC OUTPUT ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC REFORM ECONOMIC SYSTEM ECONOMICS ECONOMICS OF TRANSITION ECONOMIES IN TRANSITION EFFECT ON EMPLOYMENT EFFECTIVE GOVERNANCE EFFICIENCY IMPROVEMENTS EMERGING MARKETS EMPLOYEE OWNERSHIP EMPLOYEE PARTICIPATION ENFORCEMENT OF LAWS ENTERPRISE EFFICIENCY ENTERPRISE PERFORMANCE ENTERPRISE RESTRUCTURING ENTREPRENEURSHIP EXECUTIVE DIRECTORS EXTENT OF PRIVATIZATION EXTERNALITIES FINANCIAL INTERMEDIARIES FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SYSTEMS FIRM PERFORMANCE FOREIGN DIRECT INVESTMENT FOREIGN FIRMS FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN MARKETS FOREIGN OWNERSHIP FREE ECONOMY FREE MARKETS FREE RIDER PROBLEM FULL EMPLOYMENT GENERAL EQUILIBRIUM GLOBAL PRIVATIZATION GOLDEN SHARE GOLDEN SHARES GOVERNMENT OWNERSHIP HARD BUDGET HARD BUDGET CONSTRAINTS HUMAN CAPITAL IMPACT OF PRIVATIZATION IMPACT OF PRIVATIZATION ON COMPANY IMPACT OF PRIVATIZATION ON COMPANY PERFORMANCE IMPERFECT COMPETITION INCENTIVE PROBLEMS INCOME DISTRIBUTION INFLATION INSTITUTIONAL DEVELOPMENT INSTITUTIONAL ENVIRONMENT INSTITUTIONAL FRAMEWORK INSTITUTIONAL REFORMS INSTITUTIONAL SETTING INTERNATIONAL BANK FOR RECONSTRUCTION INTERNATIONAL BUSINESS INTERNATIONAL TRADE INVESTMENT FUND INVESTMENT FUNDS JOB CREATION JOINT VENTURES LABOR CONTRACTS LABOR PRODUCTIVITY LARGE SHAREHOLDERS LARGE-SCALE PRIVATIZATION LEGAL FRAMEWORK LEGAL REFORM LEGAL SYSTEM LOOTING MACROECONOMIC IMPACT OF PRIVATIZATION MACROECONOMICS MAJORITY OWNERSHIP MARKET ECONOMIES MARKET ECONOMY MARKET FORCES MARKET PRICES MARKET STRUCTURE MASS PRIVATIZATION MASSIVE PRIVATIZATION METHODS OF PRIVATIZATION MINORITY SHAREHOLDER MINORITY SHAREHOLDERS MIXED OWNERSHIP MONOPOLY POWER MUNICIPAL OWNERSHIP NATURAL MONOPOLY NOMINAL PRICES OWNERSHIP CHANGES OWNERSHIP CONCENTRATION OWNERSHIP RIGHTS OWNERSHIP STRUCTURE OWNERSHIP STRUCTURES PAYMENT OF DIVIDENDS PERFORMANCE OF FIRMS PERFORMANCE OF PRIVATE POLITICAL ECONOMY OF PRIVATIZATION POLITICAL OPPOSITION PREDICTIONS PRICE LIBERALIZATION PRICE SETTING PRIVATE FIRMS PRIVATE OWNERS PRIVATE OWNERSHIP PRIVATE SECTOR PRIVATIZATION PRIVATIZATION DATA PRIVATIZATION IN TRANSITION ECONOMIES PRIVATIZATION METHODS PRIVATIZATION OF STATE PRIVATIZATION ON EMPLOYMENT PRIVATIZATION PROCEEDS PRIVATIZATION PROCESS PRIVATIZATION PROGRAMS PRIVATIZATION REVENUES PRIVATIZATION VOUCHERS PRIVATIZATIONS PROCUREMENT PRODUCTIVITY PROFIT MAXIMIZATION PROFITABILITY PROPERTY RIGHTS PROPERTY TRANSFERS PUBLIC GOODS PUBLIC POLICY RECESSION REGULATORY CONTROLS RESOURCE ALLOCATION RETURN ON ASSETS SALE OF ASSETS SALES REVENUES SHARE OWNERSHIP SHARE PRICES SHAREHOLDER PROTECTION SHAREHOLDING SOCIALIST ECONOMICS SOCIALIST ECONOMIES SOCIALIST SYSTEM STABILIZATION STAKEHOLDERS STATE CONTROL STATE MANAGERS STATE OWNERSHIP STOCK EXCHANGE TECHNICAL EFFICIENCY TRADE LIBERALIZATION TRANSFER OF OWNERSHIP TRANSFERS OF SHARES TRANSITION ECONOMIES TYPE OF OWNERSHIP VOLATILITY VOUCHER PRIVATIZATION WAGES
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090107093820 http://hdl.handle.net/10986/4009

Internet

http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090107093820
http://hdl.handle.net/10986/4009

Effects of Privatization and Ownership in Transition Economies

Internet

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