Does Privatisation Improve Performance of Industrial Enterprises? Empirical Evidence from Russia
Yuri Perevalov (),
Ilya Gimadii and
Post-Communist Economies, 2000, vol. 12, issue 3, 337-363
This study, based on panel data from 189 industrial enterprises in 1992-96, shows that privatisation 'on average' produces little improvement in performance of Russian enterprises. However, disaggregating the process, we reveal that methods of privatisation do influence performance but the impact is not always positive. The state seems to be a passive shareholder. At the same time, our results suggest that majority state ownership is preferable to a state minority stockholding, possibly because the absence of a monitoring shareholder in the latter case does not permit managers to achieve their own objectives at the expense of other shareholders.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:taf:pocoec:v:12:y:2000:i:3:p:337-363
Ordering information: This journal article can be ordered from
Access Statistics for this article
Post-Communist Economies is currently edited by Roger Clarke
More articles in Post-Communist Economies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().