We concentrate on the empirical evidence on the effects of privatization on firm performance. In most setting privatization “works” in that the firms become more efficient, more profitable, financially healthier, and reward investors. While this holds in both transition and non-transition economies, there is more variation in transition economies. Especially in transition economies, the identity of the new owners and managers is important in determining post-privatization performance.
New York State law has enormous implications for sovereign debt sustainability and debt crises resolutions,
- 01/16/2025
- Policy Brief