The Choice of Privatization Method and the Financial Performance of Newly Privatized Firms in Transition Economies

Ranko Jelic, Richard Briston and Wolfgang Aussenegg

Journal of Business Finance & Accounting, 2003, vol. 30, issue 7‐8, 905-940

Abstract: There is a gap between the theoretical literature which almost unanimously advocates the privatization of enterprises, as part of the solution to the commitment problem in economies in transition, and the empirical evidence regarding the best way to design a privatization program in order to secure an efficient use of resources. This paper contributes to this debate by focusing on the determinants of the financial long‐run performance of privatized firms in Poland, Hungary, and the Czech Republic. This long‐run performance is mainly influenced by the extent of retained state ownership, the choice of privatization method, and firm size.

Date: 2003
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://doi.org/10.1111/1468-5957.05583

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:jbfnac:v:30:y:2003:i:7-8:p:905-940

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0306-686X

Access Statistics for this article

Journal of Business Finance & Accounting is currently edited by P. F. Pope, A. W. Stark and M. Walker

More articles in Journal of Business Finance & Accounting from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().