In our article we present the use of hybrid securities in the privatization process. We show that exchangeable bonds … may be successfully applied during privatization of state companies throughout the world. It may be profitable for many … privatization processes by means of exchangeable bonds i.a. in Germany and in Austria. Most of such operations, e.g. German Deutsche …

government employees and contracting out to private suppliers, also known as privatization. We examine empirically how U … restricting county spending encourage privatization, whereas strong public unions discourage it. This points to the important … roles played by political patronage and taxpayer resistance to government spending in the privatization decision …