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Are some owners better than others in Czech privatized firms? Even meta-analysis can’t make us perfectly sure

Iwasaki, Ichiro ; Kočenda, Evžen


We use a total of 1171 estimates extracted from 34 previous studies and perform a meta-analysis to examine the relationship between ownership structures and firm performance in Czech mass privatized firms. We find that, in contrast to the remarkable effect of foreign ownership on firm performance and restructuring activities, domestic private entities were incapable of outperforming the state as ...


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