Boubakri, Narjess; Cosset, Jean-Claude; Guedhami, Omrane; … - In: Journal of Financial Research 30 (2007) 1, pp. 129-146
We examine the determinants of foreign investors' participation in the privatization process of developing countries. First, we estimate the probability that foreign investors target privatized firms in a given country. We show that a favorable legal environment where investor protection is...