This is an empirical study that examines the underpricing and aftermarket long-term performance of IPOs in China and … IPO underpricing. Corporate governance aspects that may play a role in IPOs, such as ownership structure and external …

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

This paper argues that the documented post-share issue privatization (SIP) decline in profitability of divested Chinese … companies is not evidence per se that China's SIP program is ineffective or unsuccessful. Instead, the positive privatization …

from state to private ownership thus represents a necessary condition for the long-term success of privatization programs …

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 …

We present a game-theoretical model of privatization in transition economies. We consider the costs and benefits of …