-scale privatization in Russia. The analysis shows that although employee buyouts have helped to reduce unemployment and prevent major … remains a popular idea in Russia, but subsequent attempts of the Russian government to isolate enterprises from outside …

the privatization process which culminated at the beginning of the transition. Privatization process, which took place in … Croatia back the last two decades through the transformation and privatization, was very complex due to the fact that it took … place in transitional and war environment, and today, two decades since the beginning of the privatization private sector …

Post-privatization restructuring of former state-owned enterprises (FSOEs) encompasses both shorter-run "defensive …

of country-level governance institutions. Our results suggest that relinquishment of government control, openness to …

(positively) related to corporate risk-taking. Moreover, we find that these relations depend on the level of government extraction …. Our results suggest that relinquishment of government control, openness to foreign investment, and improvement of country …-level governance institutions are key factors in the success of privatization reform. …

data permit us to track the privatization process and to estimate the impact of privatization within industry-year cells … majority privatized versus state-owned firms. The gap increases with time since privatization, reaching about 15-17% five years … after privatization. It also increases with calendar time although recent privatizations are associated with smaller …

In our article we present the use of hybrid securities in the privatization process. We show that exchangeable bonds … may be successfully applied during privatization of state companies throughout the world. It may be profitable for many … reasons. Firstly, the exchangeables offer a much lower coupon in comparison with the ordinary government bonds which may be …

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 …