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The role of state and foreign owners in corporate risk-taking: Evidence from privatization

Boubakri, Narjess; Cosset, Jean-Claude; Saffar, Walid - In: Journal of Financial Economics 108 (2013) 3, pp. 641-658

Using a unique database of 381 newly privatized firms from 57 countries, we investigate the impact of shareholders' identity on corporate risk-taking behavior. We find strong and robust evidence that state (foreign) ownership is negatively (positively) related to corporate risk-taking. Moreover,...

Persistent link: https://www.econbiz.de/10010665548

Corporate Risk-Taking in Privatized Firms: International Evidence on the Role of State and Foreign Owners

Boubakri, Narjess; Cosset, Jean-Claude; Saffar, Walid - Centre Interuniversitaire sur le Risque, les Politiques … - 2011

-level governance institutions are key factors in the success of privatization reform. …

Persistent link: https://www.econbiz.de/10008925844

National culture and privatization : the relationship between collectivism and residual state ownership

Boubakri, Narjess; Guedhami, Omrane; Kwok, Chuck C. Y.; … - In: Journal of international business studies : JIBS ; an … 47 (2016) 2, pp. 170-190

Persistent link: https://www.econbiz.de/10011450027

Postprivatization corporate governance : the role of ownership structure and investor protection

Boubakri, Narjess; Cosset, Jean-Claude; Guedhami, Omrane - 2003

We investigate the role of ownership structure and investor protection in postprivatization corporate governance. We find that the government relinquishes control over time, mainly to the benefit of local institutions and foreign investors. We also show that private ownership tends to...

Persistent link: https://www.econbiz.de/10011591071

Postprivatization Corporate Governance: the Role of Ownership Structure and Investor Protection

Boubakri, Narjess; Cosset, Jean-Claude; Guedhami, Omrane - 2003

Persistent link: https://www.econbiz.de/10011325056

Liberalization, Corporate Governance, and the Performance of Newly Privatized Firms

Boubakri, Narjess; Cosset, Jean-Claude; Guedhami, Omrance - 2001

This paper seeks to provide an answer to the following question, namely when and how does privatization work? Using a … reforms and environment have an effect on the changes in operating performance. For example, we find that privatization yields … post-privatization performance changes. In particular, economic growth, control relinquishment by the government and …

Persistent link: https://www.econbiz.de/10009477478

Privatisation in developing countries : performance and ownership effects

Boubakri, Narjess; Cosset, Jean-Claude; Guedhami, Omrane - In: Development policy review 26 (2008) 3, pp. 275-308

Persistent link: https://www.econbiz.de/10003714735

Political connections of newly privatized firms

Boubakri, Narjess; Cosset, Jean-Claude; Saffar, Walid - In: The journal of corporate finance : contracting, … 14 (2008) 5, pp. 654-673

Persistent link: https://www.econbiz.de/10003795098

Credible privatization and market sentiment : evidence from emerging bond markets

Boubakri, Narjess; Cosset, Jean-Claude; Smaoui, Houcem - In: Journal of international business studies : JIBS ; an … 40 (2009) 5, pp. 840-858

Persistent link: https://www.econbiz.de/10003862762

Does privatization foster changes in the quality of legal institutions?

Boubakri, Narjess; Cosset, Jean-Claude; Smaoui, Houcem - In: The journal of financial research 32 (2009) 2, pp. 169-197

Persistent link: https://www.econbiz.de/10003880121