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.
- Language
-
Englisch
- Bibliographic citation
-
Series: Arbeiten aus dem Osteuropa-Institut Regensburg ; No. 291
- Classification
-
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
- Subject
-
firm divestiture
corporate performance
ownership changes
privatization
emerging markets
endogeneity
propensity score matching procedure
Desinvestition
Privatisierung
Unternehmensentwicklung
Aufstrebende Märkte
Schätzung
Tschechische Republik
- Event
-
Geistige Schöpfung
- (who)
-
Koécenda, Evézen
Hanousek, Jan
- Event
-
Veröffentlichung
- (who)
-
Osteuropa-Institut Regensburg
- (where)
-
Regensburg
- (when)
-
2010
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Koécenda, Evézen
- Hanousek, Jan
- Osteuropa-Institut Regensburg
Time of origin
- 2010
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Stability of volcanic ash aggregates and break-up processes
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