Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2005
This Paper examines the restructuring of state assets in markets deregulated by privatizations and investment … acquiring firm: A restructuring firm only takes into account how much its own profit will increase. The government internalizes … that restructuring increases the sales price not only due to the increase in the acquirer's profit, but also due to a …