 Ownership and performance of Lithuanian enterprisesNo 2343, Policy Research Working Paper Series from The World Bank Abstract: The author presents some evidence of improved corporate performance in Lithuania for the period 1995-97. His question: Were these improvements in any way caused by privatization and changes in the environment in which enterprises operate? He presents evidence of correlation between ownership and enterprise performance as measured by increased revenues, and improved export performance. Controlling for pre-selection bias increases the magnitude, and significance of private share ownership, which indicates negative selection bias at privatization. On the other hand, (expected) subsidies seem to contribute negatively to enterprise performance. However, the study finds no clear evidence of the effect of market competition on performance indicators in the short run. The author's is the first study to analyze the consequences of commercial (as opposed to mass) privatization in Central and Eastern European countries. Keywords: International Terrorism&Counterterrorism; Banks&Banking Reform; Municipal Financial Management; FinancialCrisis Management&Restructuring; Judicial System Reform; Legal Institutions of the Market Economy; Banks&Banking Reform; Municipal Financial Management; Financial Crisis Management&Restructuring; Judicial System Reform (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:2343 Access Statistics for this paper More papers in Policy Research Working Paper Series from The World Bank 1818 H Street, N.W., Washington, DC 20433. Contact information at EDIRC. |
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