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Government asset sales, economic nationalism, and acquirer wealth effects

Borisova, Ginka; Cowan, Arnold R. - In: Journal of Corporate Finance 29 (2014) C, pp. 351-368

We analyze acquirer wealth effects using a comprehensive sample of government asset sale announcements in 123 countries around the world in 1984–2009. Overall, we find positive abnormal returns to acquirers of state-owned assets. Returns are greater when the acquirer is domestic, when the sale...

Persistent link: https://www.econbiz.de/10011117519

Risk taking behavior of privatized banks

Mohsni, Sana; Otchere, Isaac - In: Journal of Corporate Finance 29 (2014) C, pp. 122-142

We examine the risk taking behavior of privatized banks prior to and after privatization and find that privatized banks … experience a significant decrease in risk after privatization; however they continue to exhibit higher risk than their rivals …. This finding is consistent with the assertion that following privatization and the removal of government guarantees and …

Persistent link: https://www.econbiz.de/10011117526

State Ownership, Political Institutions, and Stock Price Informativeness: Evidence from Privatization

Ben-Nasr, Hamdi; Cosset, Jean-Claude - In: Journal of Corporate Finance 29 (2014) C, pp. 179-199

In this paper, we examine the relation between government ownership and stock price informativeness around the world. Using a sample of privatized firms from 41 countries between 1980 and 2012, we find strong and robust evidence that state ownership is associated with lower firm-level stock...

Persistent link: https://www.econbiz.de/10011117527

Explaining the Incomplete Liberalization Reform of Italian Energy Market

Bernardo, Rangoni - In: L'industria (2011) 4, pp. 693-708

This paper provides an opportunity to test three regulatory capture theories against the incomplete liberalisation reform of the Italian energy markets. The incomplete privatisation of the incumbents ENEL and ENI set a trap to the liberalisation reform and at the same time offers an excellent...

Persistent link: https://www.econbiz.de/10011158113

Regulation of Latin American's Information & Communications Technology (ICT) Sector: An empirical analysis

Alleman, James; Rappoport, Paul - International Telecommunications Society (ITS) - 2014

In the mid-1980s a movement towards privatization and de-regulation of the telecommunications sector was begun. The …

Persistent link: https://www.econbiz.de/10011161185

Challenges in land use planning around Australian airports

Freestone, Robert; Baker, Douglas - In: Journal of Air Transport Management 16 (2010) 5, pp. 264-271

The privatization of major Australian airports in the late 1990s unleashed an unprecedented development wave as …

Persistent link: https://www.econbiz.de/10011162732

An application of DEA to measure the efficiency of Spanish airports prior to privatization

MartÄ±Ìn, Juan Carlos; Román, Concepción - In: Journal of Air Transport Management 7 (2001) 3, pp. 149-157

policy considerations before the process of privatization of the Spanish airport system. …

Persistent link: https://www.econbiz.de/10011162743

Privatization, corporatization, ownership forms and their effects on the performance of the world's major airports

Oum, Tae H.; Adler, Nicole; Yu, Chunyan - In: Journal of Air Transport Management 12 (2006) 3, pp. 109-121

This paper focuses on measuring and comparing productive efficiency and profitability among airports owned and operated by government departments, 100% government-owned corporations, independent airport authorities, mixed enterprises with government majority ownership and mixed enterprises with...

Persistent link: https://www.econbiz.de/10011162851

Finding Balance 2014: Benchmarking the Performance of State-Owned Enterprises in Island Countries

Asian Development Bank; Asian Development Bank (ADB) - 2014

State-owned enterprises (SOEs) continue to constrain Pacific economies. They absorb scarce capital, suffer low productivity, and often provide high cost and low quality services. SOE reform is vital to create private investment opportunities, reduce the costs of doing business, and improve...

Persistent link: https://www.econbiz.de/10011165198

Prospects and Challenges of Privatization of Agricultural Extension Service in Bangladesh

Uddin, Md. Ektear; Qijie, Gao - In: Asian Journal of Agriculture and Rural Development 03 (2013) 07

Globally there has been a growing interest towards the privatization of agricultural extension services. Privatization … learned from the world review indicates that though some developed countries went for complete privatization of agricultural … extension services, the most of the developing countries still remaining in the process of gradual privatization on a partly …

Persistent link: https://www.econbiz.de/10011167691