We analyze the extent of the integrated control of the state over privatized firms during the post-privatization decade …

This paper provides an empirical analysis of the role of political institutions in privatization. The empirical testing … we show the likelihood and the extent of privatization to be strongly and positively associated with majoritarian … political systems. On the contrary, in consensual democracies privatization seems delayed by a "war of attrition" among …

We analyze when, and to a lesser extent how, privatization occurred in a group of thirty-five low or middle … primary determinant of privatization policies. Privatization is a means to an end, of course, rather than an end in itself …. But we proceed under the assumption that policymakers have decided, for whatever reason, that privatization is a desirable …

We examine the stock price reaction of rival firms to privatization announcements to infer information about industry … effects of privatization. We find that the rival firms reacted negatively to privatization announcements, thus suggesting that … find that the adverse reaction of the rival firms to privatization announcements in developing countries is stronger than …