The Effects of Privatization and Ownership in Transition Economies

Estrin, Saul; Hanousek, Jan; Kočenda, Evžen; Švejnar, Jan

doi:10.1257/jel.47.3.699

Cited by 530 publications

(114 citation statements)

References 104 publications

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“…Most of them agree on the education factor, employee training (Laki, Szalai 2006;Aidis, Mickiewicz 2006;Peacock 2000). But other influences are obvious from the researches: age of manager -owner (Laki, Szalai 2006); market skills and experience of the selected manager (Laki, Szalai 2006;Yusof, Aspinwall 2000;Monibo 2003;Motwani et al 2006); ownership structure (Hanousek et al 2005;Hanousek et al 2012;Estrin et al 2009); product orientation and trade (Aidis, Mickiewicz 2006;Jasra, Khan 2010;Chittithaworn et al 2011;Porter 1980); government influence (Kaibori 2001;Aidis, Mickiewicz 2006;Jasra, Khan 2010); and many others.…”

Section: Definitions Of Smes Successmentioning

confidence: 99%

Factors that influence the success of small and medium enterprises in ICT: a case study from the Czech Republic

Krejčí

Strielkowski

Čábelková

2015

Business: Theory and Practice

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Small and medium enterprises (SMEs) occupy a large niche in the information and technology sector (ICT) and play an important role in the functioning on any state’s economy. This paper focuses on a specific local market and uses the Czech Republic as a case study in order to establish the success factors crucial for achieving economic success. It aims at determining those factors with the help of econometric success rate models based on the own data collected via the means of questionnaire survey among ICT enterprise. Our results show that the earnings-employee ratio, average revenues and the investment in own R&D play the most important role in the success of Czech SMEs in question. Both, financial and non-financial indicators perform significantly in the predictions of success.

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Section: Definitions Of Smes Successmentioning

confidence: 99%

Factors that influence the success of small and medium enterprises in ICT: a case study from the Czech Republic

Krejčí

Strielkowski

Čábelková

2015

Business: Theory and Practice

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“…The most recent comprehensive evaluation of the effects of privatization of state-owned enterprises in transition economies is Estrin et al (2009). Their conclusions reflect evidence coming from more recent studies that deal better with the problems described above.…”

Section: Security Of Property Rights and The Role Of Foreign Owners Imentioning

confidence: 63%

Institutions and Economic Reforms

Carlin

2010

REI

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Recent studies in economic development seek to establish that institutional quality is an important determinant of long-run living standards. Moreover, it appears that property rights institutions are causal for development whereas contracting institutions affect the nature of financial intermediation in the economy. I use these results to explore two questions. If property rights institutions matter for economic growth, can they help explain large-scale reform surprises? The reforms in Western Germany in 1948 are viewed as 'miraculous' whereas those in the early 1990s in the former Soviet transition economies are viewed as disappointing. I argue that the former had a limited task because they only had to restore existing property rights institutions whereas the latter had to create new ones and find new owners for assets. The second question is whether the persistence of variety in contracting institutions across countries that have developed successfully has implications for the design of financial and corporate governance reforms.JEL classification: P11, P14, P21

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“…Both positive and negative effects of privatization and ownership in transition economies were presented in the Journal of Economic Literature by Estrin, Hanousek, Kocenda, & Svejnar (2009), which might be relevant for further discussion in this paper.…”

Section: Literature Reviewmentioning

confidence: 89%

Financial analysis of Serbian companies undergoing privatization

Veskovic¹

2016

Eur J Appl Econ

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Abstract:This study presents a financial analysis of companies undergoing the process of privatization in the Republic of Serbia (RS). A total of 182 of such companies were examined and compared to an equal number of randomly chosen companies of comparable size. The results revealed a significant gap between the financial performances of the two samples. For that reason, the companies undergoing privatization need to undergo radical changes for the purpose of achieving a higher level of profitability and preventing further losses. Given that these companies pose a significant challenge for the Serbian economy, the author believes that this study will serve as a reference for further research. In addition, this manuscript shall present the comparative analysis of the total net loss of the observed companies and the gross domestic product of the RS, as well as between the corresponding number of employees for the year 2013.

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The Effects of Privatization and Ownership in Transition Economies

Cited by 530 publications

References 104 publications

Factors that influence the success of small and medium enterprises in ICT: a case study from the Czech Republic

Factors that influence the success of small and medium enterprises in ICT: a case study from the Czech Republic

Institutions and Economic Reforms

Financial analysis of Serbian companies undergoing privatization

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