This paper examines the impact of privatization on stock market size and liquidity in a multinational sample of 31 … emerging markets. We find that the intensity of privatization and the use of privatization offerings on the stock market … panel specifications and find that privatization appears to be the most beneficial in the Asian sub sample where most …

employees originates out of Italy. Conversely, unlisted SOEs operating in non-competitive markets are still somehow compelled to …

This paper describes the privatization program in Italy during the 1990s and puts that policy in the context of …. The wave of state divestitures reached Italy later than other OECD countries. A deep-rooted tradition of state … attempts at privatization of the 1980s, delaying until 1992 the start of largescale privatizations. These were imposed on …