1 option
How Does Privatization Work? Evidence from the Russian Shops / Nicholas Barberis, Maxim Boycko, Andrei Shleifer, Natalia Tsukanova.
- Format:
- Book
- Author/Creator:
- Barberis, Nicholas.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w5136.
- NBER working paper series no. w5136
- Language:
- English
- Subjects (All):
- Privatization--Russia (Federation).
- Privatization.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1995.
- Cambridge, Mass. : National Bureau of Economic Research, 1995.
- Summary:
- We use a survey of 452 Russian shops, most of which were privatized between 1992 and 1993, to measure the importance of alternative channels through which privatization promotes restructuring. Restructuring is measured as capital renovation, change in suppliers, increase in hours that stores stay open, and layoffs. There is strong evidence that the presence of new owners and new managers raises the likelihood of restructuring. In contrast, there is no evidence that equity incentives of old managers promote restructuring. The evidence points to the critical role that new human capital plays in economic transformation.
- Notes:
- Print version record
- May 1995.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.