by privatization processes in which no money was raised (though a surprising number of state-owned firms remain in these … regions). The vast majority of economic studies praise privatization’s positive impact at the level of the firm, as well as … its positive macroeconomic and welfare contributions. Moreover, contrary to popular conception, privatization has not …

. Corruption may be an important reason for the ineffciency of market reforms, such as privatization campaigns. The present paper …

incentive effects, rather than human capital effects, of privatization. More specifically, the authors argue that the success of …

This paper presents a theory that explains the prevalence of different models of privatization across countries and … across industries. First, it establishes the analytical framework for determining the impact of privatization on the value of … carrying out privatization. Based on this framework, the paper offers an outline for testing the hypothesis that privatization …