India’s recently announced privatization strategy can facilitate a change in the composition of the public sector balance sheet toward high-return public sector investments in infrastructure and human capital where there is a clear role for government, leaving commercially viable companies for...

State-owned enterprises (SOEs) are often vertically integrated firms which operate in key industries like transport, telecommunication and power generation. They provide an infrastructure and invest in its quality. We discuss the effects of liberalization and their privatization which can be...

Nach einer Welle der Privatisierung öffentlicher Dienstleistungen in den 1980er und 1990er Jahren möchten viele Gemeinden jetzt wieder stärker die Daseinsvorsorge direkt gestalten. Dabei stellt sich die Frage „privat oder staatlich“ nur bei solchen Angeboten, die tatsächlich öffentliche...

State-owned enterprises (SOEs) account for a substantial proportion of GDP, employment and assets in many countries. This article reviews the theory relating to SOEs: their economic rationale, the circumstances in which SOEs are the preferred form of government intervention, and their efficiency...

The for-profit hospital is in the minority numerically in all developed countries. Although the for-profits' market share has been quite stable for decades, for-profit chains have grown in share and influence in the United States. By contrast, for-profit chains have made few inroads in other...

This paper investigates the decline in the number of listed companies on the Johannesburg Stock Exchange by focusing on voluntary decisions to “go private.” It contributes to the important and ongoing debate in the economics and corporate finance literature on the relationship between the...