Iwasaki, Ichiro and Kocenda, Evzen (2017) Are some owners better than others in Czech privatized firms? Even meta-analysis can't make us perfectly sure. ECONOMIC SYSTEMS, 41 (4). pp. 537-568. ISSN 0939-3625, 1878-5433
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We use a total of 1171 estimates extracted from 34 previous studies and perform a meta-analysis to examine the relationship between ownership structures and firm performance in Czech mass privatized firms. We find that, in contrast to the remarkable effect of foreign ownership on firm performance and restructuring activities, domestic private entities were incapable of outperforming the state as owners of Czech companies. Our assessment of publication selection bias, however, indicates that the collected estimates do not contain genuine evidence for many types of corporate ownership. Further development and improvement in this study area are necessary to capture the true effect. Finally, we also point out the importance to draw (meta-analysis) inferences based on studies that employ adequate methodology.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | TRANSITION ECONOMIES; META-ANALYSIS; FDI; STATE; Voucher privatization; Ownership structure; Finn performance and restructuring; Meta-analysis; Publication selection bias; Czech Republic |
| Subjects: | 900 History & geography > 900 Geography & history |
| Divisions: | Philosophy, Art History, History, and Humanities > Institut für Geschichte Philosophy, Art History, History, and Humanities > Institut für Geschichte > Geschichte Ost- und Südosteuropas - Prof. Dr. Ulf Brunnbauer |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 14 Dec 2018 13:18 |
| Last Modified: | 18 Feb 2019 12:15 |
| URI: | https://pred.uni-regensburg.de/id/eprint/1716 |
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