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This paper determines the equilibrium ownership structure in an emerging market deregulated by privatization and … investment liberalization. It is shown that bidding competition in the privatization stage is necessary but not sufficient for … concessions in the bidding in the privatization auction. It is also shown that Employment Guarantees may "help" the buyer of the …
Persistent link: https://www.econbiz.de/10005645301
We use data on sequential water auctions to estimate demand when units are complements or substitutes. A sequential …
Persistent link: https://www.econbiz.de/10010233151
We use data on sequential water auctions to estimate demand when units are complements or substitutes. A sequential …
Persistent link: https://www.econbiz.de/10012936880
public procurement auctions, using the submitted bids and procurement characteristics. The proposed method is applied to the …
Persistent link: https://www.econbiz.de/10013011074
This paper examines the restructuring of state assets in markets deregulated by privatizations and investment liberalizations. We show that the government has a stronger incentive to restructure than the buyer: A firm restructuring only takes into account how much its own profit will increase....
Persistent link: https://www.econbiz.de/10010320155
We use data on sequential water auctions to estimate demand when units are complements or substitutes. A sequential …
Persistent link: https://www.econbiz.de/10010332115
We use data on sequential water auctions to estimate demand when units are com- plements or substitutes. A sequential …
Persistent link: https://www.econbiz.de/10011114563
This paper examines the restructuring of state assets in markets deregulated by privatizations and investment liberalizations. We show that the government has a stronger incentive to restructure than the buyer: A firm restructuring only takes into account how much its own profit will increase....
Persistent link: https://www.econbiz.de/10005645287
We study how foreign ownership relates to financial performance in a sample of large privately held Spanish …'s home country, compared to that in Spain, has an effect on the relation investigated. Results suggest that when FDI comes …
Persistent link: https://www.econbiz.de/10012928611
In a large sample of private Spanish subsidiaries, we observe a significantly greater incidence of modified audit reports in foreign than in local group subsidiaries. Results are consistent with foreign group subsidiaries having lower incentives to avoid receiving modified audit opinions (MAOs)...
Persistent link: https://www.econbiz.de/10012928636