It is often taken as a stylized fact that state ownership harms the financial performance of
firms. Yet we show that this relationship varies greatly across national contexts. We argue …

In this paper, we evaluate what we have learned to date about the effects of privatization
from the experiences during the last fifteen to twenty years in the postcommunist (transition) …

This paper aims to assess the state of the art, the structure and the evolution of the debate
on control enhancing mechanisms (hereafter CEMs). It combines bibliometric and qualitative …

Why did the transition from socialism to capitalism result in improved growth in some
countries and significant economic decline in others? Scholars have advanced three main …

We review a large body of literature dealing with the effects of Foreign Direct Investment
(FDI) on economies during their transformation from a command economic system toward a …

We use two large samples of firms to assess the effects of business environment constraints,
competition, export orientation, and ownership on firm performance. We deal with omitted …

Purpose This study serves two objectives; first, it examined the impact of ownership structure
and board characteristics on firm value; second, the moderating effects of board gender …

The choice of capital structure firms make is a fundamental issue in the financial literature.
According to a recent finding, the capital structure of firms remains almost unchanged during …

We examine and analyze the post-privatization corporate governance of a sample of 52
newly privatized Egyptian firms over a period of 10 years, from 1995 to 2005. We look at the …

This paper aims to perform a large-scale meta-analysis to examine the relationship between
ownership concentration and firm performance in emerging economies of Central and …