. Specifically, we examine the determinants of residual state ownership after privatization over a window of up to six years after … privatization is politically shaped and constrained, and hence obeys to a dynamic that is different from one country to another …

ownership after privatization over a window of up to six years after divestiture. We find that the residual state ownership is … privatization is politically shaped and constrained by a dynamic that will differ between countries …

While privatization has long been a central pro-market strategy for promoting competitiveness, little is known about … which aspects of this multilevel process impact firm performance. Agency theory predicts that privatization will improve … privatization of Indonesian state-owned firms during which firms experience only changes in monitoring, as majority state ownership …