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The impact of the more economic approach on EU merger decisions
Bernhardt, Lea; Dewenter, Ralf - 2022
This paper analyses all final merger decisions by the European Commission from the beginning of 1990 up to the end of 2019. We use a novel dataset, containing information about 6245 merger cases from all economic sectors and combining all sorts of decisions, inclusive of withdrawn and prohibited...
Persistent link: https://www.econbiz.de/10013461485
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Regulation of Latin American's Information & Communications Technology (ICT) Sector: An empirical analysis
Alleman, James; Rappoport, Paul - 2014
In the mid-1980s a movement towards privatization and de-regulation of the telecommunications sector was begun. The …
Persistent link: https://www.econbiz.de/10010471554
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Privatization in Italy 1993-2002: Goals, Institutions, Outcomes, and Outstanding Issues
Goldstein, Andrea - 2003
This paper describes the privatization program in Italy during the 1990s and puts that policy in the context of … attempts at privatization of the 1980s, delaying until 1992 the start of largescale privatizations. These were imposed on … analysis of the consequences of privatization on corporate governance show that, notwithstanding considerable changes in the …
Persistent link: https://www.econbiz.de/10010315649
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Reluctant Privatization
Bortolotti, Bernardo; Faccio, Mara - 2004
through 2000. We find that governments do not relinquish control after "privatization." We show that the market-to-book ratios …
Persistent link: https://www.econbiz.de/10011325012
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Postprivatization Corporate Governance: the Role of Ownership Structure and Investor Protection
Boubakri, Narjess; Cosset, Jean-Claude; Guedhami, Omrane - 2003
We investigate the role of ownership structure and investor protection in postprivatization corporate governance. We find that the government relinquishes control over time, mainly to the benefit of local institutions and foreign investors. We also show that private ownership tends to...
Persistent link: https://www.econbiz.de/10011325056
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The Missing Shock: The Macroeconomic Impact of British Privatisation
Florio, Massimo; Grasseni, Mara - 2004
The privatisation policy pursued in the UK by Mrs Thatcher's government (1979-1990) and subsequently by Mr Major's government (1990-1997) was the largest experiment in public divestitures among capitalist economies. It had a deep impact on economic policy-making world wide, and was vastly...
Persistent link: https://www.econbiz.de/10011324982
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Privatization and labor force restructuring around the world
Chong, Alberto; López-De-Silanes, Florencio - 2002
Critics of privatization argue that poor labor force restructuring is a key concern and that governments should … owners after privatization. Our results show that adverse selection plagues retrenchment programs carried out by governments … before privatization. Controlling for endogeneity, several labor retrenchment policies yield a negative impacton net …
Persistent link: https://www.econbiz.de/10011335776
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The stock market reaction to the 2005 non-tradable share reform in China
Beltratti, Andrea; Bortolotti, Bernardo; Caccavaio, Marianna - 2011
During 2005-2006, the Chinese government implemented a reform aimed at eliminating the so-called non-tradable shares (NTS), shares typically held by the State or by politically connected institutional investors that were issued at the early stage of financial market development. Our analysis,...
Persistent link: https://www.econbiz.de/10011605385
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The effects of privatization and corporate governance of soes in transition economy: The case of Kazakhstan
Lee, Keun Jung - 2020
privatization (i.e., IPO) has different effects depending on the types of owners to whom it gives control in corporate governance …
Persistent link: https://www.econbiz.de/10012610022
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Konkurrenz und Kooperation in Märkten mit Netzwerk- und Lernkurveneffekten
Morasch, Karl - 1998
Die formal verwandten Phänomene Lernkurven- und Netzwerkeffekte sind in Oligopolmärkten häufig anzutreffen. Im vorliegenden Papier wird untersucht, ob in solchen Märkten ein Anreiz zur Kooperation zwischen einem Technologieführer und potentiellen Konkurrenten besteht. Die Vorteile einer...
Persistent link: https://www.econbiz.de/10010291733