Please use this identifier to cite or link to this item: http://hdl.handle.net/2381/4628
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dc.contributor.authorMikolajczyk, Katarzyna-
dc.contributor.authorRoberts, Barbara M.-
dc.date.accessioned2009-08-12T12:49:13Z-
dc.date.available2009-08-12T12:49:13Z-
dc.date.issued2004-03-
dc.identifier.urihttp://www.le.ac.uk/economics/research/discussion/papers2004.htmlen_GB
dc.identifier.urihttp://hdl.handle.net/2381/4628-
dc.description.abstractThis paper employs a multinomial logit model to examine what determines the choice of a particular firm for a given privatisation method. A variety of hypotheses about possible determinants of ownership change are tested using an extensive data set for Polish manufacturing at the beginning of transition. The results at a firm as well as at a sector level give strong support to the hypothesis of the importance of resource constraints on the choice of ownership. Large firms with high financing requirement are more likely to be owned by outsiders. High sectoral capital intensity discourages small insider owned firms while high degree of product differentiation is a constraint for different investors, with the exception of outsiders. We also find that firm quality, measured by profitability and exporting outside the Soviet block, appeals to all types of investors but, additionally, privatisation offers outsiders ways of entering sectors with substantial entry barriers.en_GB
dc.language.isoenen_GB
dc.publisherDept. of Economics, University of Leicesteren_GB
dc.relation.ispartofseriesPapers in Economicsen_GB
dc.relation.ispartofseries04/9en_GB
dc.subjectprivatisation methodsen_GB
dc.subjectownership changeen_GB
dc.subjectmultinomial logiten_GB
dc.titleWho gets privatised? An empirical analysis of Polish manufacturingen_GB
dc.typeReporten_GB
Appears in Collections:Reports, Dept. of Economics

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