메뉴 건너뛰기




Volumn 17, Issue 1, 2005, Pages 83-107

Choice of ownership structure and firm performance: Evidence from Estonia

Author keywords

[No Author keywords available]

Indexed keywords

FIRM OWNERSHIP; INDUSTRIAL PERFORMANCE;

EID: 17644421773     PISSN: 14631377     EISSN: None     Source Type: Journal    
DOI: 10.1080/14631370500052779     Document Type: Article
Times cited : (13)

References (41)
  • 1
    • 0031853506 scopus 로고    scopus 로고
    • 'On Privatisation Methods in Eastern Europe and Their Implications'
    • Aghion, Philippe & Blanchard, Olivier, 'On Privatisation Methods in Eastern Europe and Their Implications', Economics of Transition, 6, 1998, pp. 87-99.
    • (1998) Economics of Transition , vol.6 , pp. 87-99
    • Aghion, P.1    Blanchard, O.2
  • 2
    • 0000589044 scopus 로고
    • 'Production, Information Costs, and Economic Organization'
    • Alchian, Armen & Demsetz, Harold, 'Production, Information Costs, and Economic Organization', American Economic Review, 62, 1972, pp. 777-795.
    • (1972) American Economic Review , vol.62 , pp. 777-795
    • Alchian, A.1    Demsetz, H.2
  • 3
    • 38249026939 scopus 로고
    • 'The Life Cycle of Worker-owned Finns in Market Economies: A Theoretical Analysis'
    • Ben-Ner, Avner, 'The Life Cycle of Worker-owned Finns in Market Economies: a Theoretical Analysis', Journal of Economic Behavior and Organisation, 10, 1988, pp. 287-313.
    • (1988) Journal of Economic Behavior and Organisation , vol.10 , pp. 287-313
    • Ben-Ner, A.1
  • 4
    • 0005682035 scopus 로고    scopus 로고
    • 'Employee Buyout in a Bargaining Game with Asymmetric Information'
    • Ben-Ner, Avner & Jun, Buyoung, 'Employee Buyout in a Bargaining Game with Asymmetric Information', American Economic Review, 86, 3, 1996, pp. 502-523.
    • (1996) American Economic Review , vol.86 , Issue.3 , pp. 502-523
    • Ben-Ner, A.1    Jun, B.2
  • 5
    • 0005710970 scopus 로고    scopus 로고
    • 'Is Employee Ownership an Unstable Form? Or a Stabilizing Force?'
    • Margaret Blair & Thomas Kochan (eds), (Washington, DC, Brookings)
    • Blair, Margaret, Kruse, Douglas & Blasi, Joseph, 'Is Employee Ownership an Unstable Form? Or a Stabilizing Force?', in Margaret Blair & Thomas Kochan (eds), The New Relationship: Human Capital in American Corporations (Washington, DC, Brookings, 2000).
    • (2000) The New Relationship: Human Capital in American Corporations
    • Blair, M.1    Kruse, D.2    Blasi, J.3
  • 6
    • 0003315099 scopus 로고
    • 'The Democratic Firm: An Agency-Theoretic Evaluation'
    • Samuel Bowles, Herbert Gintis & Bo Gustafsson (eds), (Cambridge University Press)
    • Bowles, Samuel & Gintis, Herbert, 'The Democratic Firm: An Agency-Theoretic Evaluation', in Samuel Bowles, Herbert Gintis & Bo Gustafsson (eds), Markets and Democracy: Participation, Accountability and Efficiency (Cambridge University Press, 1993), pp. 13-39.
    • (1993) Markets and Democracy: Participation, Accountability and Efficiency , pp. 13-39
    • Bowles, S.1    Gintis, H.2
  • 9
    • 84935941592 scopus 로고
    • 'The Structure of Corporate Ownership: Causes and Consequences'
    • Demsetz, Harold & Lehn, Kenneth, 'The Structure of Corporate Ownership: Causes and Consequences', Journal of Political Economy, 93, 1985, pp. 1155-1177.
    • (1985) Journal of Political Economy , vol.93 , pp. 1155-1177
    • Demsetz, H.1    Lehn, K.2
  • 10
    • 0000838266 scopus 로고    scopus 로고
    • 'Enterprise Restructuring in Transition Economies: A Quantitative Survey'
    • Djankov, Simeon & Murrell, Peter, 'Enterprise Restructuring in Transition Economies: A Quantitative Survey', Journal of Economic Literature, 40, 3, 2002, pp. 739-792.
    • (2002) Journal of Economic Literature , vol.40 , Issue.3 , pp. 739-792
    • Djankov, S.1    Murrell, P.2
  • 11
    • 84937285982 scopus 로고
    • 'Worker Participation and Productivity in Labor-Managed and Participatory Capitalist Firms: A Meta-Analysis'
    • Doucouliagos, Chris, 'Worker Participation and Productivity in Labor-Managed and Participatory Capitalist Firms: A Meta-Analysis', Industrial and Labor Relations Review, 49, 1, 1995, pp. 58-77.
    • (1995) Industrial and Labor Relations Review , vol.49 , Issue.1 , pp. 58-77
    • Doucouliagos, C.1
  • 13
  • 15
    • 0001324002 scopus 로고    scopus 로고
    • 'Corporate Governance in the Former Soviet Union: An Overview'
    • Estrin, Saul & Wright, Mike, 'Corporate Governance in the Former Soviet Union: an Overview', Journal of Comparative Economics, 27, 1999, pp. 398-421.
    • (1999) Journal of Comparative Economics , vol.27 , pp. 398-421
    • Estrin, S.1    Wright, M.2
  • 16
    • 0033381711 scopus 로고    scopus 로고
    • 'Privatization, Insider Control and Managerial Entrenchment in Russia'
    • Filatochev, Igor, Wright, Mike & Bleaney, Michael, 'Privatization, Insider Control and Managerial Entrenchment in Russia', Economics of Transition, 7, 1999, pp. 481-504.
    • (1999) Economics of Transition , vol.7 , pp. 481-504
    • Filatochev, I.1    Wright, M.2    Bleaney, M.3
  • 17
    • 0038842492 scopus 로고    scopus 로고
    • 'Data Watch: Research Data From Transition Economies'
    • Filer, Randall K. & Hanousek, Jan, 'Data Watch: Research Data From Transition Economies', Journal of Economic Perspectives, 16, 1, 2002, pp. 225-240.
    • (2002) Journal of Economic Perspectives , vol.16 , Issue.1 , pp. 225-240
    • Filer, R.K.1    Hanousek, J.2
  • 18
    • 0006070524 scopus 로고    scopus 로고
    • 'When Does Privatization Work? The Impact of Private Ownership on Corporate Performance in the Transition Economies'
    • Frydman, Roman, Gray, Cheryl, Hessel, Marek & Rapaczynski, Andrzej, 'When Does Privatization Work? The Impact of Private Ownership on Corporate Performance in the Transition Economies', Quarterly Journal of Economics, 114, 1999, pp. 1153-1191.
    • (1999) Quarterly Journal of Economics , vol.114 , pp. 1153-1191
    • Frydman, R.1    Gray, C.2    Hessel, M.3    Rapaczynski, A.4
  • 21
    • 0000577518 scopus 로고
    • 'Rights and Production Functions: An Application to Labor-Managed Firm and Codetermination'
    • Jensen, Michael C. & Meckling, William H., 'Rights and Production Functions: An Application to Labor-Managed Firm and Codetermination', Journal of Business, 52, 4, 1979, pp. 469-506.
    • (1979) Journal of Business , vol.52 , Issue.4 , pp. 469-506
    • Jensen, M.C.1    Meckling, W.H.2
  • 23
    • 0001168714 scopus 로고    scopus 로고
    • 'The Nature and Determinants of Ownership Changes After Privatization: Evidence from Estonia'
    • Jones, Derek C. & Mygind, Niels, 'The Nature and Determinants of Ownership Changes After Privatization: Evidence from Estonia', Journal of Comparative Economics, 27, 1999, pp. 422-441.
    • (1999) Journal of Comparative Economics , vol.27 , pp. 422-441
    • Jones, D.C.1    Mygind, N.2
  • 24
    • 0346650148 scopus 로고    scopus 로고
    • 'Privatization and Enterprise Performance: Evidence from Estonia'
    • Milica Uvalic & Vojmir Franicevic (eds), (London, Macmillan)
    • Jones, Derek C. & Mygind, Niels, 'Privatization and Enterprise Performance: Evidence from Estonia', in Milica Uvalic & Vojmir Franicevic (eds), Equality, Participation, Transition: Essays in Honour of Branko Horvat (London, Macmillan, 2000).
    • (2000) Equality, Participation, Transition: Essays in Honour of Branko Horvat
    • Jones, D.C.1    Mygind, N.2
  • 25
    • 0036091492 scopus 로고    scopus 로고
    • 'Ownership and Productive Efficiency: Evidence from Estonia'
    • Jones, Derek C. & Mygind, Niels, 'Ownership and Productive Efficiency: Evidence from Estonia', Review of Development Economics, 6, 2, 2002, pp. 284-301.
    • (2002) Review of Development Economics , vol.6 , Issue.2 , pp. 284-301
    • Jones, D.C.1    Mygind, N.2
  • 26
    • 0346732033 scopus 로고    scopus 로고
    • 'The Rise and Fall of Employee Ownership in Estonia, 1987-2001'
    • Kalmi, Panu, 'The Rise and Fall of Employee Ownership in Estonia, 1987-2001', Europe-Asia Studies, 55, 8, 2003, pp. 1213-1239.
    • (2003) Europe-Asia Studies , vol.55 , Issue.8 , pp. 1213-1239
    • Kalmi, P.1
  • 27
    • 0346650174 scopus 로고    scopus 로고
    • 'Privatisation and Evolution of Ownership and Corporate Governance in Estonia - 12 Cases'
    • mimeo, Center for East European Studies, Copenhagen Business School
    • Kalmi, Panu & Mygind, Niels, 'Privatisation and Evolution of Ownership and Corporate Governance in Estonia - 12 Cases', mimeo, Center for East European Studies, Copenhagen Business School, 2003.
    • (2003)
    • Kalmi, P.1    Mygind, N.2
  • 28
    • 0030490429 scopus 로고    scopus 로고
    • 'Why Do Firms Adopt Profit-Sharing and Employee Ownership Plans?'
    • Kruse, Douglas L., 'Why Do Firms Adopt Profit-Sharing and Employee Ownership Plans?', British Journal of Industrial Relations, 34, 1996, pp. 515-538.
    • (1996) British Journal of Industrial Relations , vol.34 , pp. 515-538
    • Kruse, D.L.1
  • 29
    • 0000712418 scopus 로고    scopus 로고
    • 'Employee Ownership, Employee Attitudes, and Firm Performance: A Review of the Evidence'
    • David Lewin, Daniel J.B. Mitchell & Mahmood Zaidi (eds), (Greenwich, CT, JAI Press)
    • Kruse, Douglas L. & Blasi, Joseph R., 'Employee Ownership, Employee Attitudes, and Firm Performance: a Review of the Evidence', in David Lewin, Daniel J.B. Mitchell & Mahmood Zaidi (eds), The Human Resource Management Handbook, part I (Greenwich, CT, JAI Press, 1997), pp. 113-152.
    • (1997) The Human Resource Management Handbook , Issue.PART I , pp. 113-152
    • Kruse, D.L.1    Blasi, J.R.2
  • 30
    • 0029481476 scopus 로고
    • 'Foreign Investment in Estonia: A Statistical Approach'
    • Liuhto, Kari, 'Foreign Investment in Estonia: a Statistical Approach', Europe-Asia Studies, 47, 3, 1995, pp. 507-525.
    • (1995) Europe-Asia Studies , vol.47 , Issue.3 , pp. 507-525
    • Liuhto, K.1
  • 31
    • 0029773216 scopus 로고    scopus 로고
    • 'Entrepreneurial Transition in Post-Soviet Republics: The Estonian Path'
    • Liuhto, Kari, 'Entrepreneurial Transition in Post-Soviet Republics: the Estonian Path', Europe-Asia Studies, 48, 1, 1996, pp. 121-140.
    • (1996) Europe-Asia Studies , vol.48 , Issue.1 , pp. 121-140
    • Liuhto, K.1
  • 32
    • 84927456215 scopus 로고
    • 'On Success and Dissolution of the Labor-managed Firm in the Capitalist Economy'
    • Miyazaki, Hajime, 'On Success and Dissolution of the Labor-managed Firm in the Capitalist Economy', Journal of Political Economy, 92, 1984, pp. 909-931.
    • (1984) Journal of Political Economy , vol.92 , pp. 909-931
    • Miyazaki, H.1
  • 33
    • 33646421473 scopus 로고    scopus 로고
    • 'Employee Ownership in the Baltic Countries'
    • Milica Uvalic & Daniel Vaughan-Whitehead (eds), (Cheltenham, Edward Elgar)
    • Mygind, Niels, 'Employee Ownership in the Baltic Countries', in Milica Uvalic & Daniel Vaughan-Whitehead (eds), Privatization Surprises in Transition Economies (Cheltenham, Edward Elgar, 1997).
    • (1997) Privatization Surprises in Transition Economies
    • Mygind, N.1
  • 34
    • 0009953039 scopus 로고    scopus 로고
    • 'Privatisation, Governance and Restructuring of Enterprises in the Baltics'
    • OECD, Centre for Co-operation with non-members, working paper CCNM/BALT6
    • Mygind, Niels, 'Privatisation, Governance and Restructuring of Enterprises in the Baltics', OECD, Centre for Co-operation with non-members, working paper CCNM/BALT6, 2000, pp. 1-83.
    • (2000) , pp. 1-83
    • Mygind, N.1
  • 35
    • 0034583706 scopus 로고    scopus 로고
    • 'Enterprise Governance in Transition: A Stakeholder Perspective'
    • Mygind, Niels, 'Enterprise Governance in Transition: A Stakeholder Perspective', Acta Oeconomica, 51, 3, 2001, pp. 315-342.
    • (2001) Acta Oeconomica , vol.51 , Issue.3 , pp. 315-342
    • Mygind, N.1
  • 36
    • 0002448717 scopus 로고    scopus 로고
    • 'Employeeism: Corporate Governance and Employee Share Ownership in Transition Economies'
    • Mario I. Blejer & Marko Skreb (eds), (Cambridge, Cambridge University Press)
    • Nuti, D. Mario, 'Employeeism: Corporate Governance and Employee Share Ownership in Transition Economies', in Mario I. Blejer & Marko Skreb (eds), Macroeconomic Stabilization in Transition Economies (Cambridge, Cambridge University Press, 1997), pp. 126-154.
    • (1997) Macroeconomic Stabilization in Transition Economies , pp. 126-154
    • Nuti, D.M.1
  • 37
    • 0036804610 scopus 로고    scopus 로고
    • 'The Tenuous Trade-off Between Risk and Incentives'
    • Prendergast, Canice, 'The Tenuous Trade-off Between Risk and Incentives', Journal of Political Economy, 110, 5, 2002, pp. 1071-1102.
    • (2002) Journal of Political Economy , vol.110 , Issue.5 , pp. 1071-1102
    • Prendergast, C.1
  • 38
    • 84936823587 scopus 로고
    • 'Large Shareholders and Corporate Control'
    • Shleifer, Andrei & Vishny, Robert W., 'Large Shareholders and Corporate Control', Journal of Political Economy, 94, 1986, pp. 461-488.
    • (1986) Journal of Political Economy , vol.94 , pp. 461-488
    • Shleifer, A.1    Vishny, R.W.2
  • 41
    • 85011128651 scopus 로고    scopus 로고
    • 'Finance and Management Buyouts: Agency versus Entrepreneurship Perspectives'
    • Wright, Mike, Hoskinsson, Robert E., Busenitz, Lowell W. & Dial, Jay, 'Finance and Management Buyouts: Agency versus Entrepreneurship Perspectives', Venture Capital, 3, 3, 2001, pp. 239-261.
    • (2001) Venture Capital , vol.3 , Issue.3 , pp. 239-261
    • Wright, M.1    Hoskinsson, R.E.2    Busenitz, L.W.3    Dial, J.4


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.