The European Journal of Comparative Economics

ISSN: 1824-2979

EJCE Year: 2010, December. Volume: 7 - Issue: 2

Privatization, Foreign Acquisition, and Firm Performance: A New Empirical Methodology and its Application to Hungary

by Ichiro Iwasaki ; Miklós Szanyi ; Péter Csizmadia ; Miklós Illéssy ; Csaba Makó

Start page: 307 - End page: 343

Keywords: privatization; foreign investment; firm performance; meta-analysis; Hungary

Jel code: G32; G34; H82; P31; P34



This study examines the effects of ownership transformation from the state to the private sector on firm performance in the post-privatization period using annual census-type data of Hungarian enterprises for the early 2000s. The empirical methodology designed to overcome the data limitations arising from an insufficient observation period effectively captured restructuring efforts by new owners and company managers and provided strong empirical evidence of the close relationship between ownership transformation and firm performance

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