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The Short-Run Performance of IPOs of Privately Owned and Publicly Owned Firms: A Note from Australia

Steen, Adam; Kalev, Petko; Turpie, Keith - In: Multinational Finance Journal 5 (2001) 2, pp. 149-154

This article builds on an earlier study by Choi and Nam (1998) on the initial price performance of Public Sector Initial Public Offerings PIPOs in 30 countries. They report that, in general, PIPOs are more underpriced than private sector IPOs. Our study of the Australian market suggests the...

Persistent link: https://www.econbiz.de/10010938714

Performance Consequences of Privatizing Egyptian State-Owned Enterprises: The Effect of Post-Privatization Ownership Structure on Firm Performance

Omran, Mohammed - In: Multinational Finance Journal 8 (2004) 1-2, pp. 73-114

determines whether such performance differs across firms according to their new ownership structure. The Egyptian privatization … program provides unique post-privatization data on different ownership structures. Since most studies do not distinguish … between the types of ownership, this paper provides new insight into the impact that post-privatization ownership structure …

Persistent link: https://www.econbiz.de/10010938720

Ghana's Privatization Policy: Rationale, Problems and Prospects

Mensah, A. H. O. - In: Journal of African Development 3 (1998) 1

socialization, while economic efficiencies and related synergies within the economy underlie the need for privatization. This study … finds that valuation problems and employment related issues are among the major elements slowing down the privatization … privatization program. …

Persistent link: https://www.econbiz.de/10010938846

Water Price Reforms in Senegal: Distributional Impact Analysis

Boccanfuso, Dorothée; Estache, Antonio; Savard, Luc - In: Journal of African Development 11 (2009) 1

This paper focuses on the distribution impact from Senegal’s water reforms with emphasis on rates reforms. We first analyze the evolution of consumption patterns before and after the reforms. We found that most of the gains accrue to the highest income classes while the poor have seen little...

Persistent link: https://www.econbiz.de/10010938855

Privatization in Nigeria: An Experiment in Public Policy

Ekanem, N. Frank - In: Journal of African Development 3 (1998) 1

plants, air, rail, and sea transportation, and sugar estates. But in the last decade privatization has become as aspect of …

Persistent link: https://www.econbiz.de/10010938882

Perspectives on African Finance and Economic Development

Senbet, Lemma W. - In: Journal of African Development 2 (1996) 1

My purpose is to address broadly the role of finance in economic development and make some recommendations in the context of Africa. As a financial economist, I have devoted my entire career to helping promote knowledge in the field of finance, but with no particular regional emphasis. My...

Persistent link: https://www.econbiz.de/10010938928

State Owned Firms: Private Debt, Cost Revelation and Welfare

Picard, Pierre M.; Rusli, Ridwan D. - Centre de Recherche en Économie Appliquée (CREA), … - 2012

In this paper we study the role of private debt financing in disciplining a state owned firm operating for a government that incurs a cost of public financing. We show that debt contracts allow the government to avoid socially costly subsidies by letting unprofitable state- owned firms default....

Persistent link: https://www.econbiz.de/10010938986

CERGE-EI Tackles Transition

Dusek, Libor (contributor); Lizal, Lubomir (contributor) - Center for Economic Research and Graduate Education and …

This volume is a collection of articles reprinted from top refereed journals and contains the most influential scholarly papers published by CERGE-EI faculty over the past 20 years. An introduction is by Lubomír Lízal, Associate Professor with Tenure at CERGE-EI and member of the Board of the...

Persistent link: https://www.econbiz.de/10010940911

Privatizing and internationalizing violence

Wulf, Herbert - In: Economics of Peace and Security Journal 2 (2007) 1, pp. 35-40

Privatization of violence and international interventions to stop wars are two recent trends in wars. Both affect how …

Persistent link: https://www.econbiz.de/10010941268

Environmental Investments in Mixed vs Private Oligopoly: What are the Implications of Privatization?

Gil-Molto, Maria Jose; Varvarigos, Dimitrios - Department of Economics, Leicester University - 2014

privatization when firms invest in abatement and emissions are taxed. We show that the number of competing firms in the market is an … important factor in the determination of these effects. While privatization often involves a welfare trade-off, in the sense … lower output and higher emissions simultaneously. Our results also indicate that privatization tends be associated with …

Persistent link: https://www.econbiz.de/10010942707