Počet záznamů: 1
Are rushed privatizations substandard? Analyzing firm-level privatization under fiscal pressure
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SYSNO ASEP 0496815 Druh ASEP V - Výzkumná zpráva Zařazení RIV O - Ostatní Název Are rushed privatizations substandard? Analyzing firm-level privatization under fiscal pressure Tvůrce(i) Hagemejer, J. (PL)
Švejnar, Jan (NHU-N) RID
Tyrowicz, J. (PL)Vyd. údaje Bonn: IZA, 2018 Edice IZA discussion paper series Č. sv. edice 11517 Poč.str. 37 s. Jazyk dok. eng - angličtina Země vyd. DE - Německo Klíč. slova privatization ; rushed privatization ; efficiency Vědní obor RIV AH - Ekonomie Obor OECD Applied Economics, Econometrics CEP GA15-24642S GA ČR - Grantová agentura ČR Institucionální podpora NHU-N - RVO:67985998 Anotace 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). Pracoviště Národohospodářský ústav Kontakt Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Rok sběru 2019
Počet záznamů: 1