Truth about privatization in Latin America Alberto Chong and Florencio López-de-Silanes -- Benefits and costs of privatization in Argentina Sebastián Galiani ... [et al.] -- Privatization and firm performance in Bolivia Katherina Capra ... [et al.] -- Costs and benefits of privatization...

We examine the determinants of private equity returns using a newly constructed database of 7,500investments worldwide over forty years. The median investment IRR (PME) is 21% (1.3), gross offees. One in ten investments goes bankrupt, whereas one in four has an IRR above 50%. Only one ineight...