The purposes of the paper are to determine whether governments underprice shares in fixed-price share-issue privatizations (SIPs) and, if so, what their motivations are for doing so. This paper develops three models of SIP underpricing: one based on revenue goals, one based on political goals...

type="main" xml:lang="de" <title type="main">Approches théorique et empririque d'entreprises publiques locales mixtes</title> <p>Cet article traite de certaines lacunes à la fois dans la classification et la théorie des entreprises publiques locales mixtes et propose des prédictions concernant leur performance. Les...</p>