We examine how political, institutional, and economic factors are related to a country's decision to privatize state-owned banks. Using a panel of 101 countries from 1982 to 2000, we find that political factors significantly affect the likelihood of bank privatization only in developing...

Using a sample of 2477 privatizations from 108 countries that raised $1.2 trillion between 1977 and 2000, we analyze the choice between raising funds in public versus private capital markets. This choice is influenced by capital market, political, and firm-specific factors. Share issue...

This paper analyzes the use and terms of quot;share-issue privatizations (SIPs)quot; during the period 1961-1994. We present a theory of SIPs implying their terms are designed to build the political support necessary to privatize a state-owned enterprise (SOE). We then investigate the extent to...

We examine the impact of political, institutional, and economic factors on the choice between selling a state-owned enterprise in the public capital market through a share issue privatization (SIP) and selling it in the private capital market in an asset sale. SIPs are more likely in less...