. In contrast to the "privatization premium" found in earlier work, we find a negative effect of government ownership on …, suggesting that personal ties can substitute for the benefits of government ownership. The "privatization discount" is higher for … relatively high welfare payments to employees, which presumably would fall with privatization, benefit disproportionately from …

contrast to the quot;privatization premiumquot; found in earlier work, we find a negative effect of government ownership on …, suggesting that personal ties can substitute for the benefits of government ownership. The quot;privatization discountquot; is … with relatively high welfare payments to employees, which presumably would fall with privatization, benefit …

privatization. Governance, Regulation, and Privatization in the Asia-Pacific Region is the first thoroughgoing account of the … relative success of the different approaches to privatization as undertaken in Korea, China, Australia, and Japan. In most … contexts, privatization is expected to yield greater efficiency and cost effectiveness while avoiding the corruption and …