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Government ownership and the cost of debt : evidence from government investments in publicly traded firms

Borisova, Ginka; Fotak, Veljko; Holland, Kateryna; … - In: Journal of financial economics 118 (2015) 1, pp. 168-191

Persistent link: https://www.econbiz.de/10011480391

Who's winning the big match? : surveying state versus private ownerships effect on corporate value and policy

Guernsey, Scott B.; Megginson, William L. - In: The most important concepts in finance, (pp. 93-135). 2017

Persistent link: https://www.econbiz.de/10011816023

State Ownership, Soft-Budget Constraints, and Cash Holdings : Evidence from China's Privatized Firms

Megginson, William L. - 2015

We study the relation between state ownership and cash holdings in China's share-issue privatized firms from 2000 to 2012. We find that the level of cash holdings increases as state ownership declines. For the average firm in our sample, a 10 percentage-point decline in state ownership leads to...

Persistent link: https://www.econbiz.de/10013031410

State Ownership and Corporate Investment

Jaslowitzer, Patrick - 2018

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

Persistent link: https://www.econbiz.de/10012936472

State ownership, soft-budget constraints, and cash holdings : evidence from China's privatized firms

Megginson, William L.; Ullah, Barkat; Wei, Zuobao - In: Journal of banking & finance 48 (2014), pp. 276-291

Persistent link: https://www.econbiz.de/10010508134

Does Government Ownership Affect the Cost of Debt? Evidence from Privatization

Borisova, Ginka - 2011

companies exhibit lower credit spreads than partially privatized firms, indicating the cost of a lengthy privatization process …

Persistent link: https://www.econbiz.de/10013128790

State Ownership, Soft-Budget Constraint and Cash Holdings : Evidence from China’s Privatized Firms

Megginson, William L. - 2012

We study the relation between state ownership and cash holdings in China's share-issue privatized firms from 1993 to 2007. We find that the level of cash holdings declines as state ownership increases. This negative relation is attributable to the soft-budget constraint (SBC) inherent in state...

Persistent link: https://www.econbiz.de/10013115833

The role of asset structure, ownership structure, and takeover defenses in determining acquisition likelihood

Ambrose, Brent William - In: Journal of financial and quantitative analysis : JFQA 27 (1992) 4, pp. 575-589

Persistent link: https://www.econbiz.de/10001137814

Restricted voting shares, ownership structure, and the market value of dual-class firms

Ang, James S. - In: The journal of financial research 12 (1989) 4, pp. 301-318

Persistent link: https://www.econbiz.de/10001106275

The market value of government ownership

Boubakri, Narjess; El Ghoul, Sadok; Guedhami, Omrane; … - In: The journal of corporate finance : contracting, … 50 (2018), pp. 44-65

Persistent link: https://www.econbiz.de/10011870217