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 …

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 …

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 …