Počet záznamů: 1  

Firm break-up and performance

  1. 1. 0377166 - NHU-C 2013 RIV DE eng J - Článek v odborném periodiku
    Kočenda, Evžen - Hanousek, Jan
    Firm break-up and performance.
    Economics of Governance. Roč. 13, č. 2 (2012), s. 121-143. ISSN 1435-6104
    Grant CEP: GA ČR GA402/09/1595
    Institucionální podpora: PRVOUK-P23
    Klíčová slova: break-up of firms * corporate performance * ownership changes
    Kód oboru RIV: AH - Ekonomie
    Impakt faktor: 0.588, rok: 2012

    We analyze the effects of firm break-up on corporate performance. Our analysis is based on a unique data set for a large number of Czech firms spanning the period 1996–2000. 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 disappear within a short time. Factors like changes in ownership structure or management are found to be behind later improvements in the performance of firms.
    Trvalý link: http://hdl.handle.net/11104/0209404