The paper begins with a critique of the literature on private sector governance, noting that it emerged at a moment of excessive and misplaced faith in the viability of a private sector driven by lightly regulated financial and private equity markets. The underlying models of corporate...

This paper discusses the most important theoretical contributions to the literature on privatization, focusing on emerging economies, and gives a summary on recent research concerning the ways privatization might affect the development of securities markets. In addition, the paper provides a...

This paper investigates the role of structural reforms - privatization, financial reform and trade liberalization as determinants of FDI inflows based on newly constructed dataset on structural reforms for 19 Latin American and 25 Eastern European countries between 1989 and 2004. Our main...