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Full-Text Articles in Social and Behavioral Sciences
Does Privatization Raise Productivity? Evidence From Comprehensive Panel Data On Manufacturing Firms In Hungary, Romania, Russia, And Ukraine, J. David Brown, John S. Earle, Álmos Telegdy
Does Privatization Raise Productivity? Evidence From Comprehensive Panel Data On Manufacturing Firms In Hungary, Romania, Russia, And Ukraine, J. David Brown, John S. Earle, Álmos Telegdy
Upjohn Institute Working Papers
We analyze the impact of privatization on multifactor productivity (MFP) using long panel data for nearly the universe of initially state-owned manufacturing firms in four economies. Controlling for firm and industry-year fixed effects and employing a wide variety of measurement approaches, we estimate that majority privatization raises MFP about 28 percent in Romania, 22 percent in Hungary, and 3 percent in Ukraine, with some variation across specifications, while in Russia it lowers it about 4 percent. Privatization to foreign rather than domestic investors has a larger impact (about 44 percent) and is much more consistent across countries. The positive effects …
The Genius Of The Nation Versus The Gene-Tech Of The Nation: Science, Identity, And Gmo Debates In Hungary, Krista Harper
The Genius Of The Nation Versus The Gene-Tech Of The Nation: Science, Identity, And Gmo Debates In Hungary, Krista Harper
Anthropology Department Faculty Publication Series
Introduction In the late 1990s, Hungarian politicians, environmentalists, and agricultural lobbyists weighed the pros and cons of allowing genetically modified (GM) food and seeds to enter the Hungarian market. Starting around 1994, a small group of Hungarian environmentalists began researching GM issues. Initially, they feared that as a post-socialist country seeking foreign investment, Hungary would become prey to multinational corporations seeking an ‘emerging market’ with a lax regulatory environment. The terms of the debate were reframed over time, notably following 1998, when a number of European Union member states banned the imports of GM foods and when Hungarian expatriate geneticist …
Information Technology, Organizational Form, And Transition To The Market, John S. Earle, Ugo Pagano, Maria Lesi
Information Technology, Organizational Form, And Transition To The Market, John S. Earle, Ugo Pagano, Maria Lesi
Upjohn Institute Working Papers
The paper reviews theories of information technology adoption and organizational form and applies them to an empirical analysis of firm choices and characteristics in four transition economies: Czech Republic, Hungary, Romania, and Slovakia. We argue that these economies have gone through two major structural changes – one concerning technology and another concerning ownership and boundaries of firms – and we consider if and how each of the two structural changes has affected the other. We test the impact of firm size, integration, and ownership on the extent of new information technology adoption (measured by growth in the fraction of employees …
Ownership Concentration And Corporate Performance On The Budapest Stock Exchange: Do Too Many Cooks Spoil The Goulash?, John S. Earle, Csaba Kucsera, Álmos Telegdy
Ownership Concentration And Corporate Performance On The Budapest Stock Exchange: Do Too Many Cooks Spoil The Goulash?, John S. Earle, Csaba Kucsera, Álmos Telegdy
Upjohn Institute Working Papers
We examine the impact of ownership concentration on firm performance using panel data for firms listed on the Budapest Stock Exchange, where ownership tends to be highly concentrated and frequently involves multiple blocks. Fixed-effects estimates imply that the size of the largest block increases profitability and efficiency strongly and monotonically, but the effects of total blockholdings are much smaller and statistically insignificant. Controlling for the size of the largest block, point estimates of the marginal effects of additional blocks are negative. The results suggest that the marginal costs of concentration may outweigh the benefits when the increased concentration involves "too …
The Genius Of The Nation Versus The Gene-Tech Of The Nation: Science, Identity, And Gmo Debates In Hungary, Krista Harper
The Genius Of The Nation Versus The Gene-Tech Of The Nation: Science, Identity, And Gmo Debates In Hungary, Krista Harper
Krista M. Harper
Introduction In the late 1990s, Hungarian politicians, environmentalists, and agricultural lobbyists weighed the pros and cons of allowing genetically modified (GM) food and seeds to enter the Hungarian market. Starting around 1994, a small group of Hungarian environmentalists began researching GM issues. Initially, they feared that as a post-socialist country seeking foreign investment, Hungary would become prey to multinational corporations seeking an ‘emerging market’ with a lax regulatory environment. The terms of the debate were reframed over time, notably following 1998, when a number of European Union member states banned the imports of GM foods and when Hungarian expatriate geneticist …