excel. Our study is the first in the privatization literature to go beyond performance comparisons and examine firm …

Is privatization in a country related to the stringency of its employment protection laws (EPL) – and, if so, how? We … address this question using privatization deals in fourteen European countries over three decades and all the changes in EPL …-in-difference tests for the entire sample, we find that stringent EPL discourage privatization in a country. For identification, we use …

countries and show that the dividend premium is significantly positively related to new agency costs induced by privatization …

Do employment protection laws hinder privatization? Using privatization deals in fourteen European countries from 1977 … significantly deter privatization. The fear of job cuts apparently leads organized labor in the state-owned enterprises to … vehemently oppose privatization. We find that stringent employment protection laws inhibit privatization disproportionately more …

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

Recent evidences indicate that privatization leads to enormous benefits to society almost without undesirable costs …. However, stakeholders of privatization seem not to satisfy the resulting performance of privatized firms. Using data from 202 … companies up to 10 years and study costs and benefits of privatization. Privatization is followed by a 1.1-percentage …