This paper fills a void in the issue of determinants of privatization prices by concentrating in one industry across … percent of the sector in terms of value. Our findings are consistent with the little existing work on privatization prices, as … our best policy prescription is primarily to concentrate on the transparency and cleanliness of the privatization process …

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 impact on net …

Critics of globalization claim that foreign ownership of privatized firms is linked to negative post-privatization … already better restructured before privatization. Additionally, this paper does not find evidence that foreign participation …

liberalize trade, promote efficiency and reduce the size and scope of the state-owned sector. In Mexico, privatization led to a … from workers, with the remaining 64 percent representing productivity gains. There is evidence that privatization provides … other social benefits, as greater access to services, which usually follows privatization, leads to welfare gains for the …

performance in the telecommunications industry before privatization as measured by penetration, operating efficiency, and … profitability. CEO change before privatization does appear to have real consequences in firm performance before privatization …. Moreover, findings are consistent with previous research that links CEO replacement and an increase in privatization prices …

This paper studies the link between the political and institutional context and privatization sales prices. The latter … serves as a measure for assessing the relative performance of the privatization goals. Whereas this link has been studied …

quality of management. While labor productivity increases after privatization, the ratio of permanent workers to temporary …