Rushed privatizations appear to be substandard

Are Rushed Privatizations Substandard? We analyze privatizations under fiscal pressure using firm-level data for Poland and we find that when governments suddenly start to sell many of the state-owned firms, their performance post-privatization typically suffers. We worked on this paper for a long time and now the results appear to be robust and reliable.

Jan presented them during European Economic Association Annual Congress in Lisbon. All comments more than welcome.