reading of the privatization process through the corporate governance theory resulted in the development of a model allowing … to take into account, on the one hand, the temporal dimension of the privatization process, and on the other hand, the … confirmed for French privatizations, at least for the considered horizon. Privatization induces a significant positive effect on …

A reading of the process of privatization through the corporate governance theory leads to propose a model taking into … account, on the one hand, the time dimension of the process of privatization, on the other hand, the contextual …

property rights and contracting rights protections contribute to stronger post-privatization performance. Second, we ask … public. We find an insignificant effect of privatization in ordinary least squares estimates and a negative short-term effect … after correcting for endogeneity of privatization decisions that disappears in the long run, consistent with recently …

data permit us to track the privatization process and to estimate the impact of privatization within industry-year cells … majority privatized versus state-owned firms. The gap increases with time since privatization, reaching about 15-17% five years … after privatization. It also increases with calendar time although recent privatizations are associated with smaller …

We construct and analyze a unique database with 1992-99 information on privatization transactions and labor … describe the post-privatization ownership structure and to test the effect of alternative privatization policies on firm … and domestic blockholders, but insider and mass privatization are also estimated to have positive, although smaller …

companies exhibit lower credit spreads than partially privatized firms, indicating the cost of a lengthy privatization process …