How Does Privatization Work? Ownership Concentration and Enterprise Performance in Ukraine

This paper investigates the relationship between ownership concentration and enterprise performance in Ukraine. Using data on 376 medium and large enterprises, it finds that ownership concentration is positively associated with enterprise performance in Ukraine. The paper also finds that concentrati...

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Bibliographic Details
Main Author: Pivovarsky, Alexander
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2001
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a How Does Privatization Work? Ownership Concentration and Enterprise Performance in Ukraine  |c Alexander Pivovarsky 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2001 
300 |a 44 pages 
651 4 |a Ukraine 
653 |a Comparison of Public and Private Enterprises and Nonprofit Institutions 
653 |a Stock exchanges 
653 |a Privatization 
653 |a Finance 
653 |a Cost 
653 |a Capital and Total Factor Productivity 
653 |a Production 
653 |a Industrial productivity 
653 |a Skills 
653 |a Financial markets 
653 |a Capital and Ownership Structure 
653 |a Goodwill 
653 |a Socialist Enterprises and Their Transitions 
653 |a Macroeconomics 
653 |a Occupational Choice 
653 |a Capacity 
653 |a Labor productivity 
653 |a Financial Risk and Risk Management 
653 |a Financing Policy 
653 |a Human Capital 
653 |a Institutional Investors 
653 |a Pension Funds 
653 |a Stocks 
653 |a Financial institutions 
653 |a Financial Instruments 
653 |a Value of Firms 
653 |a General Financial Markets: General (includes Measurement and Data) 
653 |a Economic sectors 
653 |a Total factor productivity 
653 |a Labor Productivity 
653 |a Non-bank Financial Institutions 
653 |a Stock markets 
653 |a Investments: Stocks 
653 |a Contracting Out 
653 |a Investment & securities 
653 |a Finance: General 
653 |a Production and Operations Management 
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490 0 |a IMF Working Papers 
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520 |a This paper investigates the relationship between ownership concentration and enterprise performance in Ukraine. Using data on 376 medium and large enterprises, it finds that ownership concentration is positively associated with enterprise performance in Ukraine. The paper also finds that concentration of ownership by foreign companies and banks is associated with better performance than ownership concentrated by the domestic owners. Ownership by Ukrainian investment funds and holding companies does not have a positive effect on performance. In contrast to predictions by many observers of early transition, privatization methods had a lasting effect on ownership structure in Ukraine