Ownership Change, Institutional Development and Performance

@article{Knyazeva2013OwnershipCI,
  title={Ownership Change, Institutional Development and Performance},
  author={A. Knyazeva and Diana Knyazeva and J. Stiglitz},
  journal={Journal of Banking and Finance},
  year={2013},
  volume={37},
  pages={2605-2627}
}
This paper conducts a cross-country empirical study of the impact of institutions and agency conflicts on ownership reforms and their implications for changes in performance and efficiency. We examine two main questions. First, we evaluate the effects of certain property rights and institutional quality measures on performance and efficiency. We find that property rights and contracting rights protections contribute to stronger post-privatization performance. Second, we ask whether sectors… Expand
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