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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

Why do governments sell privatised companies abroad?

Bortolotti, Bernardo; Fantini, Marcella; Scarpa, Carlo - 2000

This paper provides an empirical analysis of GovernmentsÕ decisions to sell privatised companies on both international and domestic markets in a sample of 392 privatisations in 42 countries in the 1977-1998 period. Political theories of privatisation find strong support in our analyses: market...

Persistent link: https://www.econbiz.de/10011608587

Sources of performance improvement in privatised firms: A clinical study of the global telecommunications industry

Megginson, William L.; Bortolotti, Bernardo; D'Souza, Juliet - 2001

efficiency gains result from better incentives and productivity, rather than from wholesale firing of employees and profitability …

Persistent link: https://www.econbiz.de/10011608788

Privatisation around the world: New evidence from panel data

Bortolotti, Bernardo; Fantini, Marcella; Siniscalco, … - 2001

This paper presents new evidence about privatisation processes and their determinants from a panel of 34 countries over the 1977-99 period. The empirical analysis shows that privatisation takes place typically in wealthy and democratic countries, endowed with deep and liquid stock markets, and...

Persistent link: https://www.econbiz.de/10011608839

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

Privatization and labor force restructuring around the world

Chong, Alberto; López-De-Silanes, Florencio - 2002

Critics of privatization argue that poor labor force restructuring is a key concern and that governments should … owners after privatization. Our results show that adverse selection plagues retrenchment programs carried out by governments … before privatization. Controlling for endogeneity, several labor retrenchment policies yield a negative impacton net …

Persistent link: https://www.econbiz.de/10011335776

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