The effect of enterprise break-ups on performance: the case of the former Yugoslav Republic of Macedonia

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

The effect of enterprise break-ups on performance: the case of the former Yugoslav Republic of Macedonia

Popis výsledku v původním jazyce

The transition literature on the comparison of restructuring prior to privatization has been theoretically well researched, yet the empirical evidence is limited. Virtually no study has dealt with the Macedonian economy at all. Using firm level data, weestimate the effects of the break-ups of enterprises on the subsequent performance of the ?master enterprises and spun-off divisions. We estimate the performance effects by comparing the performance of enterprises that remained intact with the performance of enterprises that experienced spin-offs and the newly established subsidiaries. Our results suggest that the break-ups were guided not by efficiency goals, but rather by managerial self-interest.

Název v anglickém jazyce

The effect of enterprise break-ups on performance: the case of the former Yugoslav Republic of Macedonia

Popis výsledku anglicky

The transition literature on the comparison of restructuring prior to privatization has been theoretically well researched, yet the empirical evidence is limited. Virtually no study has dealt with the Macedonian economy at all. Using firm level data, weestimate the effects of the break-ups of enterprises on the subsequent performance of the ?master enterprises and spun-off divisions. We estimate the performance effects by comparing the performance of enterprises that remained intact with the performance of enterprises that experienced spin-offs and the newly established subsidiaries. Our results suggest that the break-ups were guided not by efficiency goals, but rather by managerial self-interest.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2012

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Revue économique

ISSN

0035-2764

e-ISSN

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Svazek periodika

63

Číslo periodika v rámci svazku

5

Stát vydavatele periodika

FR - Francouzská republika

Počet stran výsledku

18

Strana od-do

849-866

Kód UT WoS článku

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EID výsledku v databázi Scopus

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