BACKGROUND Research on the health outcomes of globalisation and economic transition has yielded conflicting results, partly due to methodological and data limitations. Specifically, the outcomes of changes in foreign investment and state ownership need to be examined using multilevel data, linking macro-effects and micro-effects. We exploited the natural experiment offered by the Hungarian econ...

Abstract. We review the theory and evidence on venture capital (VC) and other private equity: why professional private equity exists, what private equity managers do with their portfolio companies, what returns they earn, who earns more and why, what determines the design of contracts signed between (i) private equity managers and their portfolio companies and (ii) private equity managers and t...

The privatization of state-owned telecommunication companies began in Asia in Japan in the 1980s and gathered pace during the 1990s. To judge the results requires a prior understanding of the aims and objectives of privatization and even an agreed definition of privatization. In its widest context, privatization can refer to a range of policies to embrace private sector capital in the developme...

This article looks at key changes impacting on private hospital care: the increasing corporate ownership of private hospitals; the Commonwealth Government's support for private health; the significant increase in health fund membership; and the contracting arrangements between health funds and private hospitals. The changes highlight the often conflicting interests of hospitals, doctors, Govern...

New comparable data on ownership and control and financing patterns shows that the emerging capitalist systems in Central and Eastern Europe share many features. While the extent of remaining government ownership differs from one country to another, private ownership dominates everywhere. Ownership and control are becoming increasingly concentrated, with the emergence of corporate groupings and...

Based on panel data from 1995-1997, the research focuses on the impact of ownership structure on the performance of Russian non-financial privatized companies that constitute the group of blue chips of the country’s stock market. Several performance indicators are used: Tobin’s Q, labour productivity and profitability. In particular, the paper analyzes the relationship between company performan...

This study explored the communicative experiences of surrogates who served as decision makers for patients who were unable to convey health information and choices about treatment options. Drawing on assumptions from communication privacy management theory (Petronio, 2002), 35 surrogates were interviewed to explore how they navigated the role of guardian of patients' private health information ...

Treating control as an asset that can be bought and sold, we introduce a model of the simultaneous and separable trading of ownership and control in a private information setting. The model provides a novel explanation for the prevalence and persistence of the separation of ownership from control in modern corporations: efficiency in the market for corporate control is more easily achieved when...