Showing 1 - 10 of 1,998
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
Persistent link: https://www.econbiz.de/10012977225
From its inception, the federal securities law regime created and enforced a major divide between public and private capital raising. Firms that chose to “go public” took on substantial disclosure burdens, but in exchange were given the exclusive right to raise capital from the general...
Persistent link: https://www.econbiz.de/10012958861
privatization (i.e., IPO) has different effects depending on the types of owners to whom it gives control in corporate governance …
Persistent link: https://www.econbiz.de/10012212672
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 …
Persistent link: https://www.econbiz.de/10014339792
explore the effect of privatization on each company's value. The outcomes concerning the larger group of companies are partly …
Persistent link: https://www.econbiz.de/10011706295
economic policies: The reform process included not only financial liberalization and trade reforms, but also the privatization … advocated privatization as a "must" policy tool. The paper explores the effects of privatization on regional growth of Turkish … or substitute of the private sector. The findings show that privatization has no perverse effects on the development of …
Persistent link: https://www.econbiz.de/10008938534
The paper focuses on the analysis of the privatization process conducted in the years 2008-2011 with an attempt to show … a broad picture of privatization in Poland, indicate resources that still exist although hidden and show government … practices in making privatization more effective or, on the contrary, in carrying out quasi-privatization practices. Three main …
Persistent link: https://www.econbiz.de/10010468356
purchase shares of SOEs, so it can be regarded as a privatization plan for SOEs. Using the Difference-in-Differences (DiD … suggests that privatization enhances SOE profitability by reducing redundant workers, administrative fees, and related … privatization can enhance firm performance under China's ongoing mixed-ownership reform …
Persistent link: https://www.econbiz.de/10014353509
Previous studies show that profitability does not improve after share issue privatization (SIP) in China. We explore … the possibility that the positive privatization effect can be overwhelmed by a negative listing effect, leading to an … samples, we show that there is a positive privatization effect and there is a negative listing effect on profitability. We …
Persistent link: https://www.econbiz.de/10012854433