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Theory of privatization in Eastern Europe : literature review
Schindele, Ibolya - 2003
This paper discusses the most important theoretical contributions to the literature on privatization, focusing on … emerging economies, and gives a summary on recent research concerning the ways privatization might affect the development of … privatization and the reduction in social welfare and the possibility that the privatization process itself may have conflicting …
Persistent link: https://www.econbiz.de/10011589468
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Privatization and restructuring in concentrated markets
Norbäck, Pehr-Johan; Persson, Lars - 2004
This paper examines the restructuring of state assets in markets deregulated by privatizations and investment liberalizations. We show that the government has a stronger incentive to restructure than the buyer: A firm restructuring only takes into account how much its own profit will increase....
Persistent link: https://www.econbiz.de/10011606525
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Privatisation methods and economic growth in transition economies
Bennett, John; Estrin, Saul; Maw, James W.; Urga, Giovanni - 2004
We investigate the impact of differences in privatisation method on national economic performance in transition economies. Our approach is to estimate, using dynamic panel data methods, a growth equation over 23 countries for the period 1990-2001. Among our results, we find that mass...
Persistent link: https://www.econbiz.de/10011606670
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The performance of state-owned enterprises and newly privatized firms : empirical evidence from Egypt
Omran, Mohammed Fawzy - 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/10011597814
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Privatization and investment : crowding-out effects vs financial diversification
Girmens, Guillaume; Guillard, Michel - 2002
In this paper, we study the effect of share issue privatization (SIP) on private investment and financial market under … privatization (crowding-out effect). Vice-versa with risk aversion and perfect intertemporal substitutability (diversification … of the crowding-out effect, when the revenues of privatization are devoted to present public consumption. …
Persistent link: https://www.econbiz.de/10011598289
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Selling company shares to reluctant employees : France Telecom's experience
Degeorge, François; Jenter, Dirk; Moel, Alberto; … - 2002
In 1997, France Telecom, the state-owned French telephone company, went through a partial privatization. We adapt a …
Persistent link: https://www.econbiz.de/10011598295
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Regulatory independence and political interference : evidence from EU mixed-ownership utilities’ investment and debt
Cambini, Carlo; Rondi, Laura - 2010 - This draft: 11 May 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/10008729094
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The private sector advances in China : the evolving ownership structures of the largest companies in the Xi Jinping era
Huang, Tianlei; Véron, Nicolas - 2022
This paper documents recent structural changes in China's corporate landscape, based on company level data, providing a complementary perspective to that of official Chinese statistics. We classify China's largest companies by revenue since 2004 (based on Fortune Global 500 rankings), and...
Persistent link: https://www.econbiz.de/10013184745
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Privatization and financial market development : theoretical issues
Chiesa, Gabriella; Nicodano, Giovanna - 2003
Stock market capitalization in developed countries grew while massive privatization plans were in progress. It is …
Persistent link: https://www.econbiz.de/10011589394
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Privatisations as price reforms : evaluating consumers' welfare changes in the UK
Brau, Rinaldo; Florio, Massimo - 2002
This paper analyses the effects on consumers' welfare of the privatisation policy carried out in the UK since 1979. The approach we follow sees the privatisation of a State owned enterprise within the broader framework of the "policy reform" theory (Drèze and Stern, 1990). By adopting this...
Persistent link: https://www.econbiz.de/10011597634