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 … budget constraints. But the extent of privatisation in terms of revenues and stakes sold appears more limited in civil law …

Privatisation, i.e. the transfer of ownership and control of state-owned enterprises, is a worldwide phenomenon. Which … of privatisation method appear to be influenced by the governing political majority and public sector budget constraints …, while the success of privatisation in terms of revenues and stakes sold requires suitable institutions and developed capital …

This paper sheds some light about privatisation in utilities. An empirical analysis based on sales in the electricity … sector in 38 countries for the period 1977-97 shows that regulation is a crucial institutional variable in privatisation. Not … proceeds reducing regulatory risk. The revenues-efficiency trade-off loses some relevance in electricity privatisation. …

privatisation find strong support in our analyses: market oriented Governments favour domestic investors in the allocation of shares …

conventional pre- versus post-privatisation comparisons, we find that profitability, output, operating efficiency and capital … investment spending increase significantly after privatisation, while employment and leverage decline significantly. However … privatisation. We verify that privatisation is significantly related to higher profitability, output and efficiency, and with …

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 … budget constraints. But the extent of privatisation in terms of revenues and stakes sold appears more limited in civil law …

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 … budget constraints. But the extent of privatisation in terms of revenues and stakes sold appears more limited in civil law …