Arbeitspapier
Divide and privatize: Firms break-up and performance
We analyze the long-term effects of divesture and ownership change on corporate performance. We employ a unique data set for a large number of Czech firms spanning the period 1996-2005. We employ a propensity score matching procedure to deal with endogeneity problems. Our results, which are generally in line with the positive effects of divestiture found in the developed-market literature, show that the initial effects of divestiture are positive but after a certain point they quickly diminish over time.
- Sprache
-
Englisch
- Erschienen in
-
Series: Arbeiten aus dem Osteuropa-Institut Regensburg ; No. 291
- Klassifikation
-
Wirtschaft
Organizational Behavior; Transaction Costs; Property Rights
Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
Firm Objectives, Organization, and Behavior: General
Business Economics
Other Economic Systems: Performance and Prospects
- Thema
-
firm divestiture
corporate performance
ownership changes
privatization
emerging markets
endogeneity
propensity score matching procedure
Desinvestition
Privatisierung
Unternehmensentwicklung
Aufstrebende Märkte
Schätzung
Tschechische Republik
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Koécenda, Evézen
Hanousek, Jan
- Ereignis
-
Veröffentlichung
- (wer)
-
Osteuropa-Institut Regensburg
- (wo)
-
Regensburg
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Koécenda, Evézen
- Hanousek, Jan
- Osteuropa-Institut Regensburg
Entstanden
- 2010
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