Table III Sample breakdown by firm age...

Table III

Sample breakdown by firm age

	Founded on average	Old (%)
Total sample	1977	33
Private ownership	1977	35
State control	1977	31
Majority	1984	21
Minority	1918	91
Federal ownership	1985	23
Regional ownership	1972	64
Mixed ownership	1923	64
Direct ownership	1973	34
Indirect ownership	1982	28
Golden share	1943	75

	Founded on average	Old (%)
Total sample	1977	33
Private ownership	1977	35
State control	1977	31
Majority	1984	21
Minority	1918	91
Federal ownership	1985	23
Regional ownership	1972	64
Mixed ownership	1923	64
Direct ownership	1973	34
Indirect ownership	1982	28
Golden share	1943	75

Notes: The table reports the number of firm-years (cases when the firm has been in existence at least 10 years before the privatization, i.e. in existence in 1983 or before), in the different state ownership categories. For ownership category definitions, see Table II

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