Boubakri, Narjess; Cosset, Jean-Claude; Smaoui, Houcem - In: Journal of Financial Research 32 (2009) 2, pp. 169-197
<heading id="h1" level="1" implicit="yes" format="display">Abstract</heading>We analyze the effect of privatization on the quality of legal institutions of governance. Our findings suggest that large-scale privatization (in terms of progress and volume) increases the risk of corruption in developing countries but has no effect on the legal institutions of...