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Introduction / Luc Bernier, Massimo Florio and Philippe Bance -- The scope of the phenomenon -- Perspectives on history and geography -- Approaches to the study of state-owned enterprises -- Financial dimensions of public ownership -- Issues about governance -- The activities and performance of...
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investment (FPI) – and privatization of state-owned enterprises, in a multi-country sample that focuses on developing countries …. We hypothesize that privatization has an effect on FDI/FPI as the process of fostering private sector participation is … investors. Similarly, we expect FDI/FPI to foster privatization efforts as new capital inflows, technology and managerial skills …
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Using a unique database of 381 newly privatized firms from 57 countries, we investigate the impact of shareholders' identity on corporate risk-taking behavior. We find strong and robust evidence that state (foreign) ownership is negatively (positively) related to corporate risk-taking. Moreover,...
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In recent decades, market-opening policies in local public transport (LPT) have impacted most European countries. However, we can observe a high degree of variability in possible LPT arrangements, from public monopolies to open markets. This work addresses the following research question: How...
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