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the privatization. The two key mechanisms explaining the results are: (i) a government owner keeping control takes into …
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the privatization. The two key mechanisms explaining the results are: (i) a government owner keeping control takes into …
Persistent link: https://www.econbiz.de/10010320092
This paper determines the equilibrium ownership structure in an emerging market deregulated by privatization and … investment liberalization. It is shown that bidding competition in the privatization stage is necessary but not sufficient for … concessions in the bidding in the privatization auction. It is also shown that Employment Guarantees may help the buyer of the …
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Commentators on the private equity industry often claim that favorable tax treatment gives private equity firms advantages in the market for corporate control. But we show that tax advantages do not affect the equilibrium ownership of corporate assets when acquisition costs are fully deductible...
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This paper proposes a cross-border M&A model with financially constrained owners in which the identity of the buyer and seller can be determined. We show that policies blocking foreign acquisitions to protect the domestic industry can be counterproductive. Foreign acquisition can increase the...
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