Open Access
Some Economics of Property Rights
Armen A. Alchian
- Vol. 30, pp 816-829
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The article was published on 1965-01-01 and is currently open access. It has received 741 citations till now. The article focuses on the topics: Property rights.read more
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From State to Market: A Survey of Empirical Studies on Privatization
TL;DR: In this paper, the authors survey the literature examining the privatization of state-owned enterprises (SOEs) and the types of privatization, if and by how much privatization has improved the performance of former SOEs in nontransition and transition countries, how investors in privatizations have fared, and the impact of privatization on the development of capital markets and corporate governance.
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Politically connected CEOs, corporate governance, and Post-IPO performance of China's newly partially privatized firms
TL;DR: Li et al. as discussed by the authors found that firms with politically connected CEOs underperform those without politically connected CEO by almost 18% based on three-year post-IPO stock returns and have poorer 3-year earnings growth, sales growth, and change in returns on sales.
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The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis
TL;DR: In this paper, the authors compared the pre-and post-privatization financial and operating performance of 61 companies from 18 countries and 32 industries that experience full or partial privatization through public share offerings during the period 1961 to 1990.
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Corporate ownership structure and the informativeness of accounting earnings in East Asia
Joseph P. H. Fan,T.J. Wong +1 more
TL;DR: In this paper, the authors examined the relations between earnings informativeness, measured by the earnings-return relation, and the ownership structure of 977 companies in seven East Asian economies and found that concentrated ownership is associated with low earnings informattiveness as ownership concentration prevents leakage.
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The resource-based view: A review and assessment of its critiques
TL;DR: The resource-based view (RBV) of the firm has been around for over 20 years as mentioned in this paper, during which time it has been both widely taken up and subjected to considerable criticism.