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Firm break-up and performance
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SYSNO ASEP 0377166 Document Type J - Journal Article R&D Document Type Journal Article Subsidiary J Článek ve WOS Title Firm break-up and performance Author(s) Kočenda, Evžen (NHU-C) RID
Hanousek, Jan (NHU-C) RIDSource Title Economics of Governance - ISSN 1435-6104
Roč. 13, č. 2 (2012), s. 121-143Number of pages 23 s. Language eng - English Country DE - Germany Keywords break-up of firms ; corporate performance ; ownership changes Subject RIV AH - Economics R&D Projects GA402/09/1595 GA ČR - Czech Science Foundation (CSF) Institutional support NHU-C - PRVOUK-P23 UT WOS 000310001700002 DOI 10.1007/s10101-011-0106-2 Annotation 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. Workplace Economics Institute - CERGE Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2013
Number of the records: 1