Twenty countries around the world have used $27 billion in incentives such as bonus shares and discounts to attract … retail investors to participate in privatizations and to discourage them from flipping. Our results show that incentives have … performed well, increasing retail investor participation much more cost-effectively than underpricing. Flipping is not only much …

Twenty countries around the world have used $27 billion in incentives such as bonus shares and discounts to attract … retail investors to participate in privatizations and to discourage them from flipping their shares. Our results show that … incentives have performed well, increasing retail investor participation much more cost-effectively than underpricing. Flipping …

investigates the role of hybrid debt in the privatization of state‑owned enterprises (SOEs) via government‑controlled investment … in Europe and Asia. Moreover, in some cases, the privatization of SOEs by means of exchangeables can prove to be a more … shareholders. Third, the entire privatization process tends to be more flexible for issuers in that they can perceive exchangeables …

accruals in the year prior to and/or in the year of privatization. The SOEs used both short term and long term accruals to … inflate reported earnings. These accruals got reversed in the post-privatization period. These findings suggest that managers … of the firms under privatization were engaged in earnings management to inflate their firms' financial worth to maximize …

investigates the role of hybrid debt in the privatization of state-owned enterprises (SOEs) via government-controlled investment … in Europe and Asia. Moreover, in some cases, the privatization of SOEs by means of exchangeables can prove to be a more … shareholders. Third, the entire privatization process tends to be more flexible for issuers in that they can perceive exchangeables …

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

We analyze the effect of privatization on the performance of British Airways by examining the privatization's impact on … Airways' privatization, implying expectation of a more competitive British Airways. Closer rivals of British Airways … significantly upon privatization. The results suggest that a change from government to private ownership improves economic …

excel. Our study is the first in the privatization literature to go beyond performance comparisons and examine firm …