State-Owned and Privately Owned Firms: An Empirical Analysis of Profitability, Leverage, and Labor Intensity

By Kathryn L. Dewenter, Paul H. Malatesta. 2001

1,295 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/3f871de8dc05ac09b478ae48ef4220b4122bc9e1

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Citations in the corpus

Association Between Borrower and Lender State Ownership and Accounting Conservatism (2010, neutral): “Lack of rights to dispose of state assets and engage in mergers and acquisitions, to a large extent ensures that SOEs have low bankruptcy risk, because they can be subsidized by the government when they face financial distress (Faccio et al. [2006]).”
What are the Reliably Important Determinants of Capital Structure in China (2014, result): “Such findings are somewhat surprising given that numerous previous studies (Dewenter and Malatesta, 2001; Li et al., 2009) have asserted that SOEs are more levered because of their easy access to bank loans.”
The Market for Charitable Giving (2011, background): “In addition, Dewenter and Malatesta (2001) compare performance of fi rms before and after privatization.”
Electricity sector reform in developing countries: an econometric assessment of the effects of privatization, competition and regulation (2008, methodology): “Galal et al. (1994), using a panel of developed and developing economies, similarly discovered that privatisation had important economic benefits.”
Privatisation Around the World: New Evidence from Panel Data (2001, positive): “The empirical literature has provided systematic evidence that privately-owned companies outperform SOEs, and that privatisation enhances the financial and operating performance of firms (Dewenter and Malatesta, 2001; D’Souza and Megginson, 2000).”
Auditor choice in privatized firms: Empirical evidence on the role of state and foreign owners (2009, background): “28 For example, Dewenter and Malatesta (2001) report some evidence that much of the performance improvements brought by privatization occur over the three years prior to privatization, which they attribute to privatizing governments manipulating financial information before selling shares to investo”
The value of government ownership during the global financial crisis (2017, background): “Several empirical studies (e.g., D’Souza, Megginson and Nash, 2005; Dewenter and Malatesta, 2001; Gupta, 2005; Megginson, Nash, and Randenborgh, 1994) support the political interference hypothesis.”
Does ownership matter? The performance and efficiency of State Oil vs. Private Oil (1987-2006) (2009, positive): “Dewenter and Malatesta (2001), following the general approach of Boardman and Vining (1989), test the differences in profitability, labour intensity, and debt levels between private and public companies in the 500 largest international companies, as reported in Fortune for 1975, 1985, and 1995.”
Working Across Borders: Multinational Enterprises and the Internationalization of Employment (2003, background): “Firm size can be operationalized by total assets and total sales (Dewenter & Malatesta, 2001), as well as by the total number of employees (Ietto-Gillies, 1998). Ramaswamy (1998) and Dunning (1993) argued that large firms (as measured by for instance total assets or total sales; Dewenter & Malatesta”