Origin and concentration: corporate ownership, control and performance

Abstract

We analyze the effects of different types and concentration of ownership on performance using a population of firms in a model transition economy after mass privatization. Overall, our results suggest that the expectations and earlier findings of positive effects of privatization on performance were premature, with the effects of many types of ownership being indistinguishable from that of state ownership

Keywords

• ownership
• performance
• privatization,olicy
• optimal taxation
• distribution of wealth and income