| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6102 |
| DP6102 Globalization and Profitability of Cross-border Mergers & Acquisitions | |
| Lars Persson; Pehr-Johan Norbäck | |
| 发表日期 | 2007-02-14 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | This paper uses the sequencing of privatisation to infer the objective pursued by the Polish government in the privatisation of its large manufacturing firms in the second half of the 1990's. We construct a model of mixed oligopoly, and use it to evaluate the privatisation process; our analysis is based on the assumption that firms which furthered the government's objective function the most would be chosen to be privatised first. Our empirical analysis identifies the features of the firms that were chosen for early privatisation, and suggests that the welfare maximisation was more important than the desire to maximise the revenues from privatisation and the government's budget, or to minimise employment losses. |
| 主题 | Industrial Organization |
| 关键词 | Eastern europe Mixed oligopoly Poland Privatisation |
| URL | https://cepr.org/publications/dp6102 |
| 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/534941 |
| 推荐引用方式 GB/T 7714 | Lars Persson,Pehr-Johan Norbäck. DP6102 Globalization and Profitability of Cross-border Mergers & Acquisitions. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
