Showing 1 - 10 of 46,739
This paper provides an empirical analysis of the role of political institutions in privatization. The empirical testing … we show the likelihood and the extent of privatization to be strongly and positively associated with majoritarian … political systems. On the contrary, in consensual democracies privatization seems delayed by a "war of attrition" among …
Persistent link: https://www.econbiz.de/10011325081
This paper provides an empirical analysis of the role of political institutions in privatization. The empirical testing … we show the likelihood and the extent of privatization to be strongly and positively associated with majoritarian … political systems. On the contrary, in consensual democracies privatization seems delayed by a war of attrition among different …
Persistent link: https://www.econbiz.de/10011591656
This paper studies the timing of privatization in 21 major developed economies in the 1977-2002 period. Duration …: privatization is delayed longer in democracies characterized by a larger number of parties and operating under proportional …
Persistent link: https://www.econbiz.de/10014217110
A common argument against privatization is that private providers will self-interestedly lobby to increase the size of … their market. In this Article, I evaluate this argument, using, as a case study, the argument against prison privatization … conclude that there is at present no particular reason to credit this argument. Even without privatization, actors in the …
Persistent link: https://www.econbiz.de/10014054697
Persistent link: https://www.econbiz.de/10001772813
This paper studies the timing of privatization in 21 major developed economies in the 1977-2002 period. Duration …: privatization is delayed longer in democracies characterized by a larger number of parties and operating under proportional …
Persistent link: https://www.econbiz.de/10005467293
We study the effect of state ownership on the market-to-book ratios of publicly traded European utilities from 1994 to 2005. We find that when the company is subject to independent regulation, state ownership seems positively associated with firm value. This relation tends to appear in countries...
Persistent link: https://www.econbiz.de/10010682520
growth. Most of the studies surveyed show that privatization enhances privatized firms performance, efficiency, and … frameworks. Partial privatization may be beneficial in countries with weak institutions, namely, the French civil law countries … to economic growth. Overall, privatization allows firms to achieve improved efficiency while driving the development of …
Persistent link: https://www.econbiz.de/10011118069
We study the effect of state ownership on the market-to-book ratios of publicly traded European utilities observed from 1994 to 2005. We find that when the company is subject to independent regulation, state ownership is positively associated with firm value. This effect is strong and...
Persistent link: https://www.econbiz.de/10011112859
Previous studies used general government data to examine whether national governments' electoral motives and ideology influenced budget composition in OECD countries. General government data includes, however, the state and local level. Using new data for general and central government over the...
Persistent link: https://www.econbiz.de/10012207899