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population, as is the case in many Latin American countries. The authors also address the widespread impact of privatization on …
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privatization programs. This paper—a product of the Governance, Regulation, and Finance Division, World Bank Institute, and Finance …
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A large legal and economic literature describes how state-owned enterprises (SOEs) suffer from a variety of agency and political problems. Less theory and evidence, however, have been generated about the reasons why state-owned enterprises listed in stock markets manage to attract investors to...
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