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Privatization is an old phenomenon but with important changes for the ten last years. According to the movement …
Persistent link: https://www.econbiz.de/10009002743
We examine the real effect of privatization in terms of technological innovation. To establish causality, we explore … plausibly exogenous variation in privatization generated by a quasi-natural experiment – China's split share structure reform …, which mandatorily converts non-tradable shares to be freely tradable and opens up the gate to the privatization of state …
Persistent link: https://www.econbiz.de/10013032882
purchase shares of SOEs, so it can be regarded as a privatization plan for SOEs. Using the Difference-in-Differences (DiD … suggests that privatization enhances SOE profitability by reducing redundant workers, administrative fees, and related … privatization can enhance firm performance under China's ongoing mixed-ownership reform …
Persistent link: https://www.econbiz.de/10014353509
within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … investors, and are more likely to remain in business even 20 years after leaving public ownership. The privatization agency …
Persistent link: https://www.econbiz.de/10012287328
subject of this study is the analysis of network industries with particular emphasis on privatization in this field in general … is threefold. The chapter on privatization is based on a theoretical model, followed by a chapter on the institutional …
Persistent link: https://www.econbiz.de/10011747619
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 …
Persistent link: https://www.econbiz.de/10014339792
The paper focuses on the analysis of the privatization process conducted in the years 2008-2011 with an attempt to show … a broad picture of privatization in Poland, indicate resources that still exist although hidden and show government … practices in making privatization more effective or, on the contrary, in carrying out quasi-privatization practices. Three main …
Persistent link: https://www.econbiz.de/10010468356
companies exhibit lower credit spreads than partially privatized firms, indicating the cost of a lengthy privatization process …
Persistent link: https://www.econbiz.de/10013128790
Frequently the largest equity offerings in the world, share-issue privatizations (SIPs) are sometimes conducted entirely on domestic exchanges and are sometimes cross-listed on foreign exchanges. In this paper, we examine the determinants of a privatizing government's actions regarding whether...
Persistent link: https://www.econbiz.de/10013115762
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 …
Persistent link: https://www.econbiz.de/10013122620