Wykorzystanie nowego instrumentu do lokalnego pomiaru wpływu prywatyzacji na wyniki przedsiębiorstw

Jan Hagemejer and Joanna Tyrowicz

Gospodarka Narodowa-The Polish Journal of Economics, 2020, vol. 2020, issue 3

Abstract: Despite an apparent consensus in the literature that privatisation universally leads to an increase in firm performance, the problem of endogeneity bias is profound and has been emphasised in a number of meta-analyses. We propose a new instrument to address the endogeneity bias and apply it to Polish medium-sized and large firms in the period of 1995 to 2008. We find that improvements in firm performance are not universal; in particular, we find no improvement among manufacturing firms privatised to domestic investors.

Keywords: Productivity; Analysis (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ags:polgne:359213

DOI: 10.22004/ag.econ.359213

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