Showing 1 - 10 of 44
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
-level governance institutions are key factors in the success of privatization reform. …
Persistent link: https://www.econbiz.de/10008925844
investment (FPI) and privatization of state-owned enterprises in a multi-country sample that focuses on developing countries. We … hypothesize that privatization has an effect on FDI/FPI as the process of fostering private sector participation was often …. Similarly, we expect FDI/FPI to foster privatization efforts as new capital inflows, technology and managerial skills that …
Persistent link: https://www.econbiz.de/10009323004
investment (FPI) – and privatization of state-owned enterprises, in a multi-country sample that focuses on developing countries …. We hypothesize that privatization has an effect on FDI/FPI as the process of fostering private sector participation is … investors. Similarly, we expect FDI/FPI to foster privatization efforts as new capital inflows, technology and managerial skills …
Persistent link: https://www.econbiz.de/10010662605
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
In this paper, we examine the relation between government ownership and stock price informativeness around the world. Using a sample of privatized firms from 41 countries between 1980 and 2012, we find strong and robust evidence that state ownership is associated with lower firm-level stock...
Persistent link: https://www.econbiz.de/10011117527
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/10011325056
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
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/10005423064
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/10005652594