Insider privatization gave senior enterprise officials the largest share of privatized firms in exchange for their support. "loan for shares" program lead to the rise of the oligarchs. This …

1996年4月1日 · First, insider privatization aligns control and property rights. This gives the right incentives to insiders. Second, if for some reason, insiders cannot do the job themselves, they …

2004年10月1日 · This paper studies insider privatization in rural China and provides an explanation of why some firms have performed well after privatization but others have not. We …

1996年4月1日 · This paper examines the impact of rent-seeking politicians on privatization decisions during the NonTradable Share (NTS) reform in China, which aims at converting non …

2004年2月24日 · This article examines the privatization of China's township enterprises. According to our survey of 670 firms in 15 randomly selected counties in Jiangsu and Zhejiang …

2003年11月10日 · This paper studies insider privatization in transition economies. We show theoretically that the underperformance of insider-privatized firms could be due to the manager …

2004年10月1日 · Since 1995, China's industrial sector has quietly experienced a surge of firm privatization. This paper reviews prior studies that examine the determinants, the process and …

2003年12月1日 · Using data from a recent survey, we show that insider control in firms privatised in 1992-4 through the voucher… We investigate whether privatization, competitive forces, and …

This paper studies insider privatization in transition economies. We show theoretically that the underperformance of insider-privatized firms could be due to the manager-cum-owner's lack of …

2005年3月5日 · This paper analyses the trade-off between the need to restructure a firm before privatization and to provide an appropriate corporate governance for the privati