Privatization Matters
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Privatization Matters
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Author : John Bonin
language : en
Publisher:
Release Date : 2007
Privatization Matters written by John Bonin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
To investigate the impact of bank privatization in transition countries, we take the largest banks in six relatively advanced countries, namely, Bulgaria, the Czech Republic, Croatia, Hungary, Poland and Romania. Income and balance sheet characteristics are compared across four bank ownership types. Efficiency measures are computed from stochastic frontiers and used in ownership and privatization regressions having dummy variables for bank type. Our empirical results support the hypotheses that foreign-owned banks are most efficient and government-owned banks are least efficient. In addition, the importance of attracting a strategic foreign owner in the privatization process is confirmed. However, counter to the conjecture that foreign banks cream skim, we find that domestic banks have a local advantage in pursuing fee-for-service business. Finally, we show that both the method and the timing of privatization matter to efficiency; specifically, voucher privatization does not lead to increased efficiency and early-privatized banks are more efficient than later-privatized banks even though we find no evidence of a selection effect.
Privatization Matters
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Author : John Bonin
language : en
Publisher:
Release Date : 2004
Privatization Matters written by John Bonin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Banks and banking categories.
Tiivistelmä.
Lessons From Privatization
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Author : Rolph van der Hoeven
language : en
Publisher: International Labour Organization
Release Date : 1997
Lessons From Privatization written by Rolph van der Hoeven and has been published by International Labour Organization this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.
This book assesses the labor market consequences of privatization in developing countries (the Republic of Korea, India and Mexico) and transition economies (Bulgaria, the Czech Republic, Eastern Germany and Hungary) during the first half of the 1990s. Based on over 20 case studies in seven countries, it considers the effect of privatization on productivity and on the level and structure of employment. The evolving patterns of industrial relations in privatized firms and the subsequent changes in wages, remuneration systems and non-wage benefits are also examined.
Privatization Matters
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Author : John P. Bonin
language : fi
Publisher:
Release Date : 2004
Privatization Matters written by John P. Bonin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Privatization categories.
Does Sequencing Of Privatization Matter In Reforming Planned Economies
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Author : Mr.Aasim M. Husain
language : en
Publisher: International Monetary Fund
Release Date : 1992-02-01
Does Sequencing Of Privatization Matter In Reforming Planned Economies written by Mr.Aasim M. Husain and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-02-01 with Business & Economics categories.
Although a centerpiece of the reform process in Central and Eastern Europe, large-scale privatization cannot be undertaken all at once and policymakers inevitably face the choice of privatizing some sectors before others. This paper analyzes the allocative efficiency implications of alternate sequences of privatization in a reforming planned economy with two sectors—an input-producing upstream sector and a final goods-producing downstream sector. The model focuses on the link, through a market for intermediate inputs, between the two sectors. The impact of exogenous shocks to the two sectors are highlighted to show how the inflexibility of public firms in responding to shocks constrains the production response of private firms operating in perfectly as well as imperfectly competitive markets.
Emerging Issues Of Privatization And The Privatization And The Public Sector
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Author : Samuel Paul
language : en
Publisher: World Bank Publications
Release Date : 1988
Emerging Issues Of Privatization And The Privatization And The Public Sector written by Samuel Paul and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Privatization categories.
Privatization in developing countries has been modest, with little contracting out of services and a wide gap between plans and achievements -- but the push for privatization has limited expansion of public enterprises.
Privatization Of Water Services In The United States
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Author : National Research Council
language : en
Publisher: National Academies Press
Release Date : 2002-09-20
Privatization Of Water Services In The United States written by National Research Council and has been published by National Academies Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-09-20 with Science categories.
In the quest to reduce costs and improve the efficiency of water and wastewater services, many communities in the United States are exploring the potential advantages of privatization of those services. Unlike other utility services, local governments have generally assumed responsibility for providing water services. Privatization of such services can include the outright sale of system assets, or various forms of public-private partnershipsâ€"from the simple provision of supplies and services, to private design construction and operation of treatment plants and distribution systems. Many factors are contributing to the growing interest in the privatization of water services. Higher operating costs, more stringent federal water quality and waste effluent standards, greater customer demands for quality and reliability, and an aging water delivery and wastewater collection and treatment infrastructure are all challenging municipalities that may be short of funds or technical capabilities. For municipalities with limited capacities to meet these challenges, privatization can be a viable alternative. Privatization of Water Services evaluates the fiscal and policy implications of privatization, scenarios in which privatization works best, and the efficiencies that may be gained by contracting with private water utilities.
Time To Rethink Privatization In Transition Economies
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Author : John R. Nellis
language : en
Publisher: World Bank Publications
Release Date : 1999-01-01
Time To Rethink Privatization In Transition Economies written by John R. Nellis and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-01-01 with Business & Economics categories.
IFC Discussion Paper No. 38.QUOTEIt is now universally acknowledged that ownership matters; that private ownership in and of itself is a major determinant of good performance in firms... Decent economic policy and well-functioning legal and administrative institutions... matter greatly as well.QUOTEThis paper looks at what happens when the shift to private ownership gets far out in front of the effort to build the institutional underpinnings of a capitalist economy. The emphasis is on what went wrong and why and what, if anything, can be done to be correct it. Proposals include renationalization and/or postponement of further privatization, both to be accompanied by measures to strengthen the managerial capacities of the state. Neither approach seems likely to produce short-term improvements. The regrettable fact is that governments that botch privatization are equally likely to botch the management of state-owned firms. In a number of Central European transition countries, privatization is living up to expectations; and there is no need for such measures. For institutionally-weak countries, the less dramatic but reasonable short-term course of action is to push ahead more slowly with case- by-case and tender privatization in cooperation with the international assistance community in hopes of producing some success stories that will lead by example.
Privatization In Transition Countries Lessons From The First Decade
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Author : Oleh Havrylyshyn
language : en
Publisher: International Monetary Fund
Release Date : 1999-09-06
Privatization In Transition Countries Lessons From The First Decade written by Oleh Havrylyshyn and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-09-06 with Business & Economics categories.
The authors' view is that any privatisation is better than none, regardless of whether a stable, competitive environment has been established first. However, private companies started from scratch perform best, followed by newly privatised firms run by outsiders, either local or foreign. Privatised companies dominated by insiders do less well, but even they regularly outperform state enterprises. Without an appropriate market environment though, managers may spend more time lobbying the government for support than undertaking painful restructuring measures.
Privatization In Nigeria
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Author : Dennis O. Odife
language : en
Publisher:
Release Date : 1988
Privatization In Nigeria written by Dennis O. Odife and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Government business enterprises categories.