G2TT
来源类型Discussion paper
规范类型论文
来源IDDP1786
DP1786 Eastern Enlargement of the EU: How much is it Worth for Austria?
Wilhelm Kohler; Christian Keuschnigg
发表日期1998-01-31
出版年1998
语种英语
摘要This paper estimates the effects of the 1991 breakups of Czechoslovak state-owned enterprises (SOEs) on subsequent performance of the master enterprises and the spin-off units. The analysis is based on quarterly and annual data of Czechoslovak industrial enterprises. We estimate the performance effect of a spin-off by comparing the performance of enterprises that were present throughout the 1990?92 period, but did not experience any spin-offs, to that of: a) master enterprises that experienced spin-offs; and b) the new spin-off subsiduaries. The estimates suggest that the breakups had a significant immediate (1991) effect on productive efficiency and profitability of industrial firms. The effect was positive for small to slightly above-average size spin-offs and negative for large ones. The hypothesis that the estimated effect of spin-offs on performance was identical for the spin-off subsiduaries and the master enterprises that experienced the spin-offs cannot be rejected. The 1991 estimates thus strongly suggest that the large firms created under the centrally-planned system suffered from inefficiencies that were alleviated by the break-ups of these firms into smaller units.
关键词Czechoslovakia Firms Spin-off Transition
URLhttps://cepr.org/publications/dp1786
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/530929
推荐引用方式
GB/T 7714
Wilhelm Kohler,Christian Keuschnigg. DP1786 Eastern Enlargement of the EU: How much is it Worth for Austria?. 1998.
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