Florio, Massimo; Manzoni, Katiuscia - In: Applied Economics 36 (2004) 2, pp. 119-136
This paper offers a review and discussion of the evidence concerning the underpricing and long-run performance of British PIPOs (Privatization Initial Public Offerings) between 1977 and 1996, i.e. from the first privatization under a Labour Government (British Petroleum), until the last ones by...