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The Political Economy of Privatization: Why Do Governments Want Reforms?

Boerner, Kira - 2004

International organizations promote privatization as precondition for economic development. But is there really too … little privatization? This political economy model asks for the incentives of governments to privatize or restructure a state …-owned firm. Different government types are compared to identify the political and institutional determinants of privatization …

Persistent link: https://www.econbiz.de/10011324980

The performance of state-owned enterprises and newly privatized firms: Empirical evidence from Egypt

Omran, Mohammed - 2002

Even though it is well documented that privatization leads to an improvement in the performance of state … because it does not consider the performance of control firms of similar pre-privatization situations, i.e. the performance of … following privatization. Matching sample firms (privatized) to control firms (SOEs), I document that privatized firms do not …

Persistent link: https://www.econbiz.de/10011335746

From State to Market: A Survey of Empirical Studies on Privatization

Megginson, William L.; Netter, Jeffry M. - 1999

This study surveys the academic and professional literature examining the privatisation of state-owned enterprises (SOEs), with a focus on empirical studies. Privatisation has been instrumental in reducing state ownership in many countries and had a transforming effect on global stock markets,...

Persistent link: https://www.econbiz.de/10011608465

Regulatory independence and political interference: evidence from EU mixed-ownership utilities' investment and debt

Cambini, Carlo; Rondi, Laura - 2010

This paper examines the investment and financial decisions of a sample of 92 EU regulated utilities, taking into account key institutional features of EU public utilities, such as: a) regulation by agencies with various degrees of independence; b) partial ownership of the state in the regulated...

Persistent link: https://www.econbiz.de/10010272479

Capital Structure and Regulation: Does Ownership Matter?

Cambini, Carlo; Bortolotti, Bernardo; Rondi, Laura; … - 2007

We construct a comprehensive panel data of 96 publicly traded European utilities over the period 1994-2005 in order to study the relationship between the capital structure of regulated firms, regulated prices, and investments, and examine if and how this interaction is affected by ownership...

Persistent link: https://www.econbiz.de/10010312393

Italys Privatization Process and Its Implications for China

Bortolotti, Bernardo - 2005

process. Particularly, it analyzes the symbiotic link between share issue privatization (SIP), i.e. privatization in public …

Persistent link: https://www.econbiz.de/10010312583

Entry on export markets and firm-level performance growth: intra-industrial convergence or divergence?

Mayneris, Florian - 2010

switchers), initial productivity and investment are strategic complements, inducing intra-industrial divergence. On the contrary …, when preferences are quadratic, initial productivity and investment are strategic substitutes: less productive firms invest …

Persistent link: https://www.econbiz.de/10010272453

The Evolution of Enterprise Reform in Africa: From State-owned Enterprises to Private Participation in Infrastructure - and Back?

Nellis, John - 2005

was largely abandoned by the IFIs and privatization and private participation in infrastructure, or PPI became the order …

Persistent link: https://www.econbiz.de/10010312321

From Government to Regulatory Governance: Privatization and the Residual Role of the State

Perotti, Enrico; Bortolotti, Bernardo - 2005

This paper reviews the state of thinking on the governance role of public ownership and control. We argue that the transfer of operational control over productive assets to the private sector represents the most desirable governance, due to the inherent difficulty for citizens to constrain...

Persistent link: https://www.econbiz.de/10010312416

The economic returns to schooling for Italians: An evaluation based on instrumental variables

Brunello, Giorgio; Miniaci, Raffaele - 1998

We study the relationship between (log) current earnings and educational levels in Italy. In line with other international evidence, we find that OLS under-estimate the marginal return to additional education. When the endogeneity of educational choice is taken into account, the marginal return...

Persistent link: https://www.econbiz.de/10011608375