In this paper, we study the effect of share issue privatization (SIP) on private investment and financial market under … incomplete risk diversification. Risk neutrality and imperfect intertemporal substitutability make investment decreasing in … privatization (crowding-out effect). Vice-versa with risk aversion and perfect intertemporal substitutability (diversification …

This study investigates the impact of privatization on the relationship between gross capital accumulation, employment …. Employing econometric analysis and cointegration evaluation, the study reveals that privatization has had a mixed impact on CIS … economies. While privatization has contributed to increased capital accumulation and employment in some countries, it has also …