| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12991 |
| DP12991 Are Rushed Privatizations Substandard? Analyzing Firm-level Privatization under Fiscal Pressure | |
| Jan Hagemejer; Jan Svejnar | |
| 发表日期 | 2018-06-14 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | In this paper we provide the first analysis of whether rushed privatizations, usually carried out under fiscal duress, increase or decrease firms’ efficiency, scale of operation (size) and employment. Using a large panel of firm-level data from Poland over 1995-2015, we show that rushed privatization has negative efficiency, scale and employment effects relative to non-rush privatization. The negative effect of rushed privatization on the scale of operations and employment is even stronger than its negative effect on efficiency. Our results suggest that when policy makers resort to rushed privatization, they ought to weigh these negative effects against other expected effects (e.g. on fiscal revenue). |
| 主题 | Industrial Organization ; Labour Economics |
| 关键词 | Privatization Rushed privatization Efficiency Firm size Employment Performance |
| URL | https://cepr.org/publications/dp12991 |
| 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/541799 |
| 推荐引用方式 GB/T 7714 | Jan Hagemejer,Jan Svejnar. DP12991 Are Rushed Privatizations Substandard? Analyzing Firm-level Privatization under Fiscal Pressure. 2018. |
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