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sich die maßgeblichen politischen Kräfte einig. Über die Art und Weise der Privatisierung besteht aber keine Einigkeit … die Bahnreform, »die 1994 mit einem entschlossenen Ja zu Wettbewerb und Privatisierung umgesetzt wurde und in deren Folge …
Persistent link: https://www.econbiz.de/10011692704
Persistent link: https://www.econbiz.de/10011696875
This report is concerned with the analysis of privatization and private sector development for the eastern and … development and, to a greater or lesser extent, privatization of stateowned assets. However, there is a great deal of … divided into two groups: one, including Algeria, Libya, and Syria, where reforms promoting privatization and private sector …
Persistent link: https://www.econbiz.de/10010326585
spite of a wave of crises and recessions in the late 1990s and early 2000s). Privatization has made a great deal of progress … somewhat. One of the main lessons for privatization policy makers in MENA countries from the experience in other regions is …. Although rich in savings, it performs very poorly in these countries with respect to the provision of credit to the private …
Persistent link: https://www.econbiz.de/10011430885
infrastructure in East and South East Asia, few studies have dealt with the contribution of PPPs to infrastructure in the South Asian … looks at the role played by PPPs as important tools in enhancing infrastructure development in South Asia. This study points … out the constraints to private sector participation in South Asia and looks at the experience of India and a few other …
Persistent link: https://www.econbiz.de/10010331075
liberalization and their privatization which can be complete or partial such that upstream production is still run by an SOE. We show … in most cases even if a holdup problem exists. For any vertically separated structure we find that privatization through … multi-product firms welfare dominates privatization through single-product firms. …
Persistent link: https://www.econbiz.de/10010298993
on the role of monetary andnonmonetary incentives used in selected case studies in developing Asia. It finds that such …
Persistent link: https://www.econbiz.de/10010507420
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
This paper provides evidence on abnormal returns of Portuguese privatization public offerings for the period from 1989 … privatization transactions and investigates the determinants of the observed price behavior. Our results are not supportive of the … underpricing phenomenon except if we exclude the very extreme observations. The results show further that privatization IPOs …
Persistent link: https://www.econbiz.de/10010312287
This paper reviews the state of thinking on the governance role of public ownership and control. We argue that the transfer of operational control over productive assets to the private sector represents the most desirable governance, due to the inherent difficulty for citizens to constrain...
Persistent link: https://www.econbiz.de/10010312416