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In this paper we study 325 large scale asset sale transactions by Indian manufacturing firms in the period 1996 to 2008. We find that the likelihood of asset sales increases with the firm’s low capacity of debt utilisation and decreases with size, profitability, operating performance and...
Persistent link: https://www.econbiz.de/10009644907
We model bidding behavior and the interaction of private equity and strategic buyers in corporate asset sales. Private equity bidding and in turn seller gains, and type and time of exit, are determined by private equity's ability to enhance the asset's value. Our empirical results show excess...
Persistent link: https://www.econbiz.de/10011108711
begrifflichen Abgrenzungen werden zentrale Aspekte der Privatisierung und Deregulierung in der ökonomischen Theorie behandelt und … Privatisierung und Deregulierung für die Freien Berufe und staatlich gebundenen Freien Berufe unter ökonomischen Aspekten. Nach …
Persistent link: https://www.econbiz.de/10005836109
The concept of privatization has been deepened due to the liberalization progress in the world economy since the … resolutions, after the collapsing of socialist regimes in the Eastern Block. Needless to say thai, the concept of privatization in … public bank privatization trends by focusing on to the privatization conception. As a final point, the public bgnks …
Persistent link: https://www.econbiz.de/10011267845
The demise of the Berlin Wall and the collapse of the USSR signaled a rush to privatization in Central and Eastern … and processes, which describe a free market capitalist system. However, the pace of privatization has not been the same … across the board. Whereas some of the Central and Eastern European countries are considered to be far ahead in privatization …
Persistent link: https://www.econbiz.de/10011272685
favour of privatization despite the evidence indicating that the true picture is much more differentiated. …
Persistent link: https://www.econbiz.de/10011258910
possibilities of finding interim institutions through institutional experimentation and by means of using a theory of the evolving … privatization in China and Slovenia, the mass introduction of funded pension systems in the 1990s, changes of the voting rules in …
Persistent link: https://www.econbiz.de/10011260534
costs function. By doing so, we show that in a duopoly, partial privatization does not change the socially optimal character …
Persistent link: https://www.econbiz.de/10011266241
oligopolies, this study investigates the efficiency of privatization. The results show that (i) regardless of the government …
Persistent link: https://www.econbiz.de/10005260141
– particularly, privatization, liberalization and deregulation – was the establishment of a new business environment which permitted …
Persistent link: https://www.econbiz.de/10009283796