of firms in terms of profitability and solvency. Using cross-sectional data covering over 25,000 firms worldwide and by … privatization could improve the performance of public firms. However, a study over a longer period is needed before these results …

controlling for various forms of selection bias. It argues that privatization has different effects depending on the types of … owners to whom it gives control. In particular, privatization to outsider, but not insider, owners has significant … performance effects. Where privatization is effective, the effect on revenue performance is very pronounced, but there is no …