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Divide and privatize: firms break-up and performance
- 1.0337808 - NHU-C 2010 RIV CZ eng C - Conference Paper (international conference)
Hanousek, Jan - Kočenda, Evžen
Divide and privatize: firms break-up and performance.
Proceedings of 27th International Conference Mathematical Methods in Economics 2009. Prague: Czech University of Life Sciences Prague, 2009 - (Brožová, H.), s. 174-177. ISBN 978-80-213-1963-9.
[27th International Conference Mathematical Methods in Economics 2009. Kostelec nad Černými lesy (CZ), 09.09.2009-11.09.2009]
R&D Projects: GA ČR GA402/09/1595
Institutional research plan: CEZ:MSM0021620846
Keywords : divestiture * corporate performance * emerging markets * endogeneity
Subject RIV: AH - Economics
The literature on corporate divestures in developed countries has provided considerable evidence on their positive effects but our understanding of these operations is still limited; it is not clear whether divestitures are undertaken to correct past development, to affect future course, or as a response to business cycle. We complement the literature by showing at large that effects of divestitures are positive, depend heavily on subsequent ownership structures and diminish with time.
Permanent Link: http://hdl.handle.net/11104/0181725
Number of the records: 1