The scope of privatization -- Why do countries privatize? -- How do countries privatize? -- Empirical evidence on … privatization's effectiveness in non-transition economies -- Empirical evidence on privatization in transition economies -- The … structure and investment performance of privatization share offerings -- Privatization's impact on financial market development …

financial crisis. We address identification concerns both econometrically and through references to existing privatization …

This paper argues that the documented post-share issue privatization (SIP) decline in profitability of divested Chinese … companies is not evidence per se that China's SIP program is ineffective or unsuccessful. Instead, the positive privatization …

Previous studies show that profitability does not improve after share issue privatization (SIP) in China. We explore … the possibility that the positive privatization effect can be overwhelmed by a negative listing effect, leading to an … samples, we show that there is a positive privatization effect and there is a negative listing effect on profitability. We …

This study summarizes the economic and political developments relating to privatization, state capitalism, and state … whether privatization improves the operating and financial performance of divested companies, as well as when, where and how …