Firm performance and privatization in Ukraine

Galyna Grygorenko and Stefan Lutz

No B 27-2004, ZEI Working Papers from University of Bonn, ZEI - Center for European Integration Studies

Abstract: Investigating the effects of privatization in transition countries is the focus of a large body of current research. Generally, privatization stimulates private sector development, attracts foreign direct investment, fosters competition and contributes to the formation of stock markets. In addition, privatization may improve individual enterprises’ performance. This paper investigates the impact of privatization on Ukrainian firms’ productivity. The empirical research is based on a sample of 466 Ukrainian joint-stock enterprises for the period of 1997 – 1999. Estimation results indicate that privatization positively influences labor productivity, but also that these effects diminish over time.

Keywords: Ukraine; manufacturing firms; ownership; profitability (search for similar items in EconPapers)
JEL-codes: L22 L60 M10 (search for similar items in EconPapers)
Date: 2004
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Firm performance and privatization in Ukraine (2007)
Working Paper: Firm Performance and Privatization in Ukraine (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:zeiwps:b272004

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