Privatisations and institutions: A cross-country analysis

What legal, political and economic institutions are shaping privatisations processes in the world? This paper addresses the issue presenting new evidence for a sample of 49 countries. From an empirical analysis for the period 1977-1996, the decision to privatise appears to be related to political preferences and macroeconomic conditions, but the success of a privatisation process requires, in addition, appropriate legal institutions and developed capital markets.

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Year of publication:	1997
Authors:	Bortolotti, Bernardo ; Fantini, Marcella ; Siniscalco, Domenico ; Vitalini, Serena
Publisher:	Milano : Fondazione Eni Enrico Mattei (FEEM)
Subject:	Privatisierung \| Institutionalismus \| Finanzmarkt \| Schätzung \| Welt \| Privatisations \| Corporate law \| Capital markets

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Series:	Nota di Lavoro ; 67.1997
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	hdl:10419/154830 [Handle]
Classification:	G30 - Corporate Finance and Governance. General ; K22 - Corporation and Securities Law
Source:	EconStor

Persistent link: https://www.econbiz.de/10011608340