Restructuring in privatised firms: A Statis approach

Abstract

We analyse the dynamics and evolution of the corporate restructuring process in the Portuguese banking sector, where 10 banks were privatised during the period 1989-1996. We apply a novel methodological approach in this context, using a multidimensional measure of restructuring that links product and labour market variables.We find evidence of considerable heterogeneity in the restructuring process, where firms adjust at different speeds and intensities. We also find that the wage level is by far the firm attribute that changed more, which is shown to reflect substantial changes in terms of composition, and not size, of the workforce. Our empirical evidence also suggests that privatisation is associated with a higher level of rent sharing.

Analysis of Well-Being in Oecd Countries Through Statis Methodology

“…Also there are some applications of this method in several areas, for example: Gonçalves (2010) studied the performance or evolution of economic activities in Portugal analyzing the information obtained along the years by Bank of Portugal and identifying differences and similarities between years and trends over time for those activities; Brás (2012) uses the information provided by the National Statistical Institute of Portugal (INE) and analyzed the evolution of the construction sector in Portugal in order to offer a better understanding of the Portuguese construction sector over the time; Lourenço (2013) analyzed the vulnerability indicators present in the Early Warning Systems (EWS) of European countries, detecting the main economic weaknesses that contributes to predict the occurrence of a crisis in a certain time horizon; Stanimirova et al (2004) applied STATIS for the exploration of three-way environmental data, and compares its performance with Tucker3 and PARAFAC2 methods; González et al (2005) analyzed the consumption of electrical power in a hotel during the months that the environmental conditions differ the most, to determine the appropriate actions on the way to its saving; Chaya et al (2004) applied this methodology for the analysis of time-intensity profiling data, with sensory attributes of ranch salad dressing as variables, and a set of products as objects; Amendola et al (2006) studied the causes of the socio-economic disparities among the European regions; Figueiredo et al (2012) analyzed the dynamics and evolution of the structural economic reforms during the period 1989 -1996 where the privatization of state-owned enterprises taking place in the Portuguese banking sector.…”

Contribuciones a los métodos STASIS basados en técnicas de aprendizaje no supervisado

“…Figueiredo et al, (Figueiredo, Figueiredo, Monteiro, & Straume, 2012) estudiaron el proceso de reestructuración de los bancos Portugueses después de la privatización; Thioulouse (2011) presenta un análisis simultáneo de parejas de tablas ecológicas; Gudmundsson, Tallaksen & Stahl (2011) En cuanto a las citas recibidas, podemos ver en la Figura 16 que el año 2019 fue donde se realizó la mayor cantidad de citas para la totalidad de artículos, 290 citas en total para ese año. En el año 2009 se realizaron la mayor cantidad de publicaciones, 14 en total.…”