investigates the role of hybrid debt in the privatization of state‑owned enterprises (SOEs) via government‑controlled investment … in Europe and Asia. Moreover, in some cases, the privatization of SOEs by means of exchangeables can prove to be a more … shareholders. Third, the entire privatization process tends to be more flexible for issuers in that they can perceive exchangeables …

accruals in the year prior to and/or in the year of privatization. The SOEs used both short term and long term accruals to … inflate reported earnings. These accruals got reversed in the post-privatization period. These findings suggest that managers … of the firms under privatization were engaged in earnings management to inflate their firms' financial worth to maximize …

State that came along with a privatization wave, which was characterized by the dismantling of local monopoly. For many … governments, the privatization of SOEs is considered an effective mean that would improve economic efficiency and external … competitiveness, and would also reduce public deficit. This paper analyzes the impact of privatization on the performance of SOEs in …

purchase shares of SOEs, so it can be regarded as a privatization plan for SOEs. Using the Difference-in-Differences (DiD … suggests that privatization enhances SOE profitability by reducing redundant workers, administrative fees, and related … privatization can enhance firm performance under China's ongoing mixed-ownership reform …

The paper focuses on the analysis of the privatization process conducted in the years 2008-2011 with an attempt to show … a broad picture of privatization in Poland, indicate resources that still exist although hidden and show government … practices in making privatization more effective or, on the contrary, in carrying out quasi-privatization practices. Three main …

process. Particularly, it analyzes the symbiotic link between share issue privatization (SIP), i.e. privatization in public …