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Residual State Ownership, Policy Stability and Financial Performance Following Strategic Decisions by Privatizing Telecoms

Vaaler, Paul M.; Schrage, Burkhard N. - 2008

-controlling or "residual" state ownership framework, grounded in credible privatization and institutional theory. We propose that: 1 … signals state support for managerial initiatives; 2) the passage of time since initial privatization negatively affects … turn negative at higher state ownership levels. CARs turn sharply negative within 1-2 years from initial privatization …

Persistent link: https://www.econbiz.de/10014047034

Publicization versus Privatization : Recent Worldwide Evidence

Clò, Stefano - 2015

This paper analyzes deals involving private and State-owned enterprises (SOEs) worldwide since 2004. We consider four types of deals: privatizations, publicizations, private reorganizations (i.e private firms acquiring a private target) and public reorganizations. (i.e. both acquirers and...

Persistent link: https://www.econbiz.de/10013024991

State-Owned Banks, Stability, Privatization, and Growth Practical Policy Decisions in a World Without Empirical Proof

Andrews, A. Michael - 2021

This paper provides an overview of the possible linkages between state-owned banks, privatization, and banking sector … provide guidance to policymakers regarding bank privatization …

Persistent link: https://www.econbiz.de/10013318096

State-invested enterprises in the global marketplace : implications for a level playing field

Christiansen, Hans; Kim, Yunhee - 2014

State-owned and other state-invested enterprises (SIEs) have become more prominent in the global economy over the last decade. A growing role for state-invested enterprises in the marketplace is not in itself onerous. According to an OECD consensus, as expressed through the Organisation’s...

Persistent link: https://www.econbiz.de/10010382770

Leviathan in Business : Varieties of State Capitalism and Their Implications for Economic Performance

Musacchio, Aldo; Lazzarini, Sergio G. - 2012

In this paper we document the extent and reach of state capitalism around the world and explore its economic implications. We focus on governmental provision of capital to corporations – either equity or debt – as a defining feature of state capitalism. We present a stylized distinction...

Persistent link: https://www.econbiz.de/10014169182

Does Ownership Matter? The Performance and Efficiency of State Oil vs. Private Oil (1987-2006)

Wolf, Christian O. H. - 2009

This paper investigates the existence of ownership effects in the global oil and gas industry, i.e. whether there are systematic performance and efficiency differentials between National Oil Companies (NOCs) and privately-owned International Oil Companies (IOCs). After discussing key issues of...

Persistent link: https://www.econbiz.de/10014217790