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Privatisation around the world : new evidence from panel data
Bortolotti, Bernardo; Fantini, Marcella; Siniscalco, … - 2001
This paper presents new evidence about privatisation processes and their determinants from a panel of 34 countries over … the 1977-99 period. The empirical analysis shows that privatisation takes place typically in wealthy and democratic … budget constraints. But the extent of privatisation in terms of revenues and stakes sold appears more limited in civil law …
Persistent link: https://www.econbiz.de/10011400889
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Regulation and privatisation: The case of electricity
Bortolotti, Bernardo; Fantini, Marcella; Siniscalco, … - 1998
This paper sheds some light about privatisation in utilities. An empirical analysis based on sales in the electricity … sector in 38 countries for the period 1977-97 shows that regulation is a crucial institutional variable in privatisation. Not … proceeds reducing regulatory risk. The revenues-efficiency trade-off loses some relevance in electricity privatisation. …
Persistent link: https://www.econbiz.de/10011608438
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Privatization and stock market liquidity
Bortolotti, Bernardo; Jong, Frank de; Nicodano, Giovanna; … - 2002
Share issue privatization - i.e. privatization on public equity markets - is often claimed to foster stock market development. In this paper, we provide an empirical assessment of this claim, testing the role of privatization on two market liquidity measures in a panel with monthly data of 19...
Persistent link: https://www.econbiz.de/10011598239
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Delayed Privatization
Pinotti, Paolo; Bortolotti, Bernardo - 2008
This paper studies the timing of privatization in 21 major developed economies in the 1977-2002 period. Duration analysis shows that political fragmentation plays a significant role in explaining government's decision to privatize: privatization is delayed longer in democracies characterized by...
Persistent link: https://www.econbiz.de/10014217110
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Capital Structure and Regulation : Does Ownership Matter?
Bortolotti, Bernardo; Cambini, Carlo; Rondi, Laura; … - 2014
We construct a comprehensive panel data of 96 publicly traded European utilities over the period 1994-2005 in order to study the relationship between the capital structure of regulated firms, regulated prices, and investments, and examine if and how this interaction is affected by ownership...
Persistent link: https://www.econbiz.de/10014223408
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Privatisation Around the World : New Evidence from Panel Data
Siniscalco, Domenico; Bortolotti, Bernardo; Fantini, … - 2013
This paper presents new evidence about privatisation processes and their determinants from a panel of 34 countries over … the 1977-99 period. The empirical analysis shows that privatisation takes place typically in wealthy and democratic … budget constraints. But the extent of privatisation in terms of revenues and stakes sold appears more limited in civil law …
Persistent link: https://www.econbiz.de/10014123797
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Delayed privatization
Bortolotti, Bernardo - 2008
Persistent link: https://www.econbiz.de/10013443437