We analyze when, and to a lesser extent how, privatization occurred in a group of thirty-five low or middle … primary determinant of privatization policies. Privatization is a means to an end, of course, rather than an end in itself …. But we proceed under the assumption that policymakers have decided, for whatever reason, that privatization is a desirable …

In this paper, we study the effect of share issue privatization (SIP) on private investment and financial market under … privatization (crowding-out effect). Vice-versa with risk aversion and perfect intertemporal substitutability (diversification … of the crowding-out effect, when the revenues of privatization are devoted to present public consumption. …

In 1997, France Telecom, the state-owned French telephone company, went through a partial privatization. We adapt a …

We examine the stock price reaction of rival firms to privatization announcements to infer information about industry … effects of privatization. We find that the rival firms reacted negatively to privatization announcements, thus suggesting that … find that the adverse reaction of the rival firms to privatization announcements in developing countries is stronger than …

- 2000, extending existing empirical work, and more specifically work on the impact of privatization on public deficit, the … following: (i) Recent empirical work (by Jeronimo et al.) using data from 1990-1997 had examined whether privatization receipts … there is a negative and statistically significant relationship between receipts from privatization and deficit for the 1990 …

discount at privatization IPOs than at private issues, and a positive relation between underpricing and the proportion of …

This report is concerned with the analysis of privatization and private sector development for the eastern and … development and, to a greater or lesser extent, privatization of stateowned assets. However, there is a great deal of … divided into two groups: one, including Algeria, Libya, and Syria, where reforms promoting privatization and private sector …

We provide a simple theoretical model to explain the mechanism whereby privatization of international airports can …