Bertay, Ata Can; Calice, Pietro; Diaz Kalan, Federico … - 2020
privatizations happened via public sales in domestic capital markets. The banks that were chosen to be privatized tended to … underperform their peers and had weaker asset quality pre-privatization, but the empirical evidence on banks' post …-privatization performance is mixed. The paper finds that privatized banks turn toward more traditional banking models and increase credit …