and how this interaction is affected by ownership structure. We show that firms in our sample increase their leverage …

In many countries, infrastructure liberalization progressed faster than the privatization of former state monopolies …, it probes whether the combination of government ownership and regulation helps overcome some of the shortcomings of the … regulation of private firms. Although we find hints of tensions between state ownership and government regulation, we do not find …

contrast, for-profit chains have made few inroads in other countries. The literature on hospital ownership addresses three …. Reasons involve: transactions costs of various ownership forms; fiduciary relationships between patients and providers; public … various ownership forms must provide a partial explanation for observed patterns of hospital ownership. There is a rich …

investigates the role of hybrid debt in the privatization of state‑owned enterprises (SOEs) via government‑controlled investment … in Europe and Asia. Moreover, in some cases, the privatization of SOEs by means of exchangeables can prove to be a more … shareholders. Third, the entire privatization process tends to be more flexible for issuers in that they can perceive exchangeables …

International organizations promote privatization as precondition for economic development. But is there really too … little privatization? This political economy model asks for the incentives of governments to privatize or restructure a state …-owned firm. Different government types are compared to identify the political and institutional determinants of privatization …

Exploiting a unique institutional feature of the early Romanian privatization setup, when a group of firms was … explicitly barred from any privatization, we test how politicians select firms into privatization programs. Using a comprehensive … dataset that includes all firms inherited from socialism, we estimate the relation between pre-privatization firm …