Kaźmierczak, Damian - In: Comparative Economic Research. Central and Eastern Europe 26 (2023) 2, pp. 33-49
Using a unique sample of exchangeable bond issues carried out in seven countries since the 2000s, this paper investigates the role of hybrid debt in the privatization of state-owned enterprises (SOEs) via government-controlled investment vehicles. This research shows that so far, sixteen series...