Many emerging economies recently have launched ambitious efforts to privatize state-owned enterprises (SOEs). However, not all privatization entails complete ownership transfer from public to private hands. In many industries, especially in infrastructure industries, privatization has often been...

Institutional problems and the corruptive use of social capital give ground for misuse ofinstitutional gaps and cause intentional failures for financial benefits. Based on socialcapital theory and transaction cost economics (TCE) this paper describes how theinstitutional environment in the...

Due to changes in the institutional environment, mainly the Law 11.241/2002 (SP), which limits the burning of sugarcane and favors the mechanization of its harvest, there is a new technological pattern in the Brazilian production of sugar and alcohol. The objective of this article is to analyze...

State multinationals were investigated in the 1980s. Since then, little work on the state multinational has been done because of the dramatic changes in the world in terms of both politics and economics, such as the waves of liberalization, deregulation and privatization. However, in the current...

Livestock production is of strategic economic importance as it is a fundamental component of the livelihood of 85 percent of Ethiopian providing draught power, a mode of transportation and food in the form of milk and meat. Furthermore, livestock substitute for the lack of a modern financial...