Many people have noted that the Government keeps buying software−intensive systems that are often quite similar to each other. A recent article in Crosstalk1, for example, listed a large number of different systems in the DoD C4I application area that performed essentially the same functions. Several DoD sponsored studies, most notably one done by the Air Force PRISM program, have shown that 70...

Government ownership may dominate private ownership under government failure. Such dominance disappears as product markets grow mature, giving rise to the need for privatization. Buyers’ limited wealth imposes a constraint on how and when privatization takes place. In particular, firms may be underpriced during privatization, and privatization may take place at a sub-optimal timing which result...

We show that previous results suggesting that government ownership of banks has a negative effect on economic growth are not robust to adding more „fundamental‟ determinants of economic growth, such as institutions. We also present regression results from a more recent period (1995-2007) which suggest that, if anything, government ownership of banks has been associated with higher long run grow...

We show that previous results suggesting that government ownership of banks is associated with lower long run growth rates are not robust to adding more ‘fundamental’ determinants of economic growth. We also present new cross-country evidence for 1995-2007 which suggests that, if anything, government ownership of banks has been robustly associated with higher long run growth rates. While acknow...

Using the high-power setting of newly privatized firms from 64 countries, we examine the relationship between ownership type and firm-level capital allocations as captured by investment sensitivity to stock price. Consistent with our predictions that government and foreign institutional owners are associated with different levels of information asymmetry and agency problems, we find strong and ...

the purpose of this study was to investigate the effect of thequasi-state ownership of the stock exchange in the ratio of short-termand long-term yhay circle is one of the string str in this study usingdata from 51 companies accepted has been used in the tehran stockexchange. methods of statistical analysis in this study, the correlationof the q rgr million via software using the excel, spss18,...

Uganda is widely recognised as a country that has made significant achievements in implementing policy reform over the past decade. Is this because Uganda ‘owned’ the policy reforms? The government was certainly committed to policy reform, but is this ownership? This paper aims to clarify the notion of ownership of policy reform, using ‘pro-poor’ policies in Uganda as a case study. We provide a...

Private ownership should generally be preferred to public ownership when the incentives to innovate and to contain costs must be strong. In essence, this is the case for capitalism over socialism, explaining the "dynamic vitality" of free enterprise. The great economists of the 1930s and 1940s failed to see the dangers of socialism in part because they focused on the role of prices under social...