The most likely outcome of the strategy of voucher privatization with investment funds may be a two-sided grab fest by … governance needed to restructure newly privatized enterprises after mass privatization efforts. The idea has been that mass … privatization would spread the ownership too wide and make corporate governance difficult.Ellerman examines the likely institutional …

privatization (i.e., IPO) has different effects depending on the types of owners to whom it gives control in corporate governance …

excel. Our study is the first in the privatization literature to go beyond performance comparisons and examine firm …

The current state of Chinese privatization remains deeply flawed. While the initial deferral of state …-sector privatization in favor of first creating a marketized, non-state sector was, I argue, an economically wise strategy, the government … argues that, to the extent that state-sector privatization has been undertaken at all, it has been on the whole uneven, due …