data permit us to track the privatization process and to estimate the impact of privatization within industry-year cells … majority privatized versus state-owned firms. The gap increases with time since privatization, reaching about 15-17% five years … after privatization. It also increases with calendar time although recent privatizations are associated with smaller …

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 …

transition is privatization, which implies transferring most of the former social ownership to private individuals. The … privatization process has marked the end of the twentieth century in Croatia and still carries many unanswered questions that have … arisen because of the persistent need for privatization in the former, unconsolidated state. Objectives: The main objective …

within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … investors, and are more likely to remain in business even 20 years after leaving public ownership. The privatization agency …

In this paper, we study the effect of share issue privatization (SIP) on private investment and financial market under … privatization (crowding-out effect). Vice-versa with risk aversion and perfect intertemporal substitutability (diversification … of the crowding-out effect, when the revenues of privatization are devoted to present public consumption. …

In 1997, France Telecom, the state-owned French telephone company, went through a partial privatization. We adapt a …

analytically derive the welfare effect of privatization of port 2 and determine the optimal degree of privatization. Under Cournot … privatization, partial privatization and full nationalization, which hinges mainly upon the market size, both horizontal and … necessarily a one-size-fits-all strategy for port privatization, and it is important for policymakers to consider the effects of …