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Hidden Government Influence Over Privatized Banks

Hamdani, Assaf - 2015

This article uses Israel's ongoing process of bank privatization to explore the link between privatization programs and … shareholders to widely held firms. The government may therefore prefer selling a control block in the firm undergoing privatization …

Persistent link: https://www.econbiz.de/10013037630

Political Economy of Privatized Economy

Megginson, William L. - 2010

Recent evidences indicate that privatization leads to enormous benefits to society almost without undesirable costs …. However, stakeholders of privatization seem not to satisfy the resulting performance of privatized firms. Using data from 202 … companies up to 10 years and study costs and benefits of privatization. Privatization is followed by a 1.1-percentage …

Persistent link: https://www.econbiz.de/10013146701

Postprivatization corporate governance : the role of ownership structure and investor protection

Boubakri, Narjess; Cosset, Jean-Claude; Guedhami, Omrane - 2003

We investigate the role of ownership structure and investor protection in postprivatization corporate governance. We find that the government relinquishes control over time, mainly to the benefit of local institutions and foreign investors. We also show that private ownership tends to...

Persistent link: https://www.econbiz.de/10011591071

Private Contracting and Corporate Governance : Evidence from the Provision of Tag-Along Rights in Brazil

Bennedsen, Morten - 2011

We identify two opposing effects of issuing equity with tag-along rights that secure an equal price in the event of a takeover. First, the anti-self dealing effect commits controlling owners to sell only to new owners that increase shareholder value. Second, the rent transfer effect shifts rents...

Persistent link: https://www.econbiz.de/10013128801

Mixed Ownership Reform and Corporate Governance in China’s State-Owned Enterprises

Wang, Jiangyu - 2020

This Article provides an early assessment of the impact on corporate governance of the most recent wave of SOE reform announced by the CCP in 2013, officially known as the mixed-ownership reform (MOR). It offers a comprehensive and detailed account of the background, policy and regulatory...

Persistent link: https://www.econbiz.de/10012847112

Employee Ownership and Corporate Governance in Post-Privatization Russia

Kryvoi, Yarik - 2010

-scale privatization in Russia. The analysis shows that although employee buyouts have helped to reduce unemployment and prevent major …

Persistent link: https://www.econbiz.de/10014221198

Control Matters : Law and Economics of Private Benefits of Control

Pacces, Alessio M. - 2009

The standard approach to the legal foundations of corporate governance is that corporate law promotes separation of ownership and control by protecting minority shareholders from expropriation. This paper takes a broader perspective on the economic and legal determinants of corporate governance....

Persistent link: https://www.econbiz.de/10013157148

Surveillance and Control : Privatizing and Nationalizing Corporate Monitoring after Sarbanes-Oxley

Backer, Larry Catá - 2010

This essay explores consequences flowing from the imposition of increasingly significant governmentally directed and enforced surveillance obligations on private actors within the economic sphere. The emerging public-private regime, exemplified by the Sarbanes-Oxley Act, has more clearly...

Persistent link: https://www.econbiz.de/10014073236

Boosting firm dynamism and performance in China

Molnár, Margit - 2017

With persisting slower growth worldwide and in China, over-capacity in some heavy industry sectors, declining profitability, and intensifying competition from other, lower-cost emerging economies, corporate behaviour in China needs to change and focus more on efficiency and sustainability. This...

Persistent link: https://www.econbiz.de/10011732705

Efficiency in Private Control Sales – The Case for Mandatory Bids

Schuster, Edmund - 2012

There are two main regulatory approaches in relation to private sale-of-control transactions. The ‘market rule' confers maximum freedom on a company's incumbent controller by enabling sale shares (hence control over the company) to any acquirer offering an acceptable price. This concept...

Persistent link: https://www.econbiz.de/10013116108

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