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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 … privatization processes by means of exchangeable bonds i.a. in Germany and in Austria. Most of such operations, e.g. German Deutsche …
Persistent link: https://www.econbiz.de/10010390522
privatization (i.e., IPO) has different effects depending on the types of owners to whom it gives control in corporate governance …
Persistent link: https://www.econbiz.de/10012212672
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
We investigate the role of ownership structure and investor protection in postprivatization corporate governance. We find that the government relinquishes control over time, mainly to the benefit of local institutions and foreign investors. We also show that private ownership tends to...
Persistent link: https://www.econbiz.de/10011591071
The financial services sectors of Romania and Estonia moved towards privatization in sharply contrasting manners. For a … paper; few steps were made towards its fulfillment. By contrast, Estonia's experience of privatization was generally a …
Persistent link: https://www.econbiz.de/10010425997
A Power Purchase Agreement (PPA) is at the heart of any BOT or BOO type power generation project that is to be undertaken by an Independent Power Producer (IPP). During the past decade privately owned IPPs selling electricity to the power industry has become common place. Such arrangements...
Persistent link: https://www.econbiz.de/10005688075
For most electric utility in developing countries the choice of generation technology, the type of financing that is available, the type of ownership of the facility, and electricity tariff policies are not independent variables. This paper reports on an integrated financial, economic and...
Persistent link: https://www.econbiz.de/10005688097
Zentrales Ziel der Einbindung privater Vermittlungsdienstleister - über so genannte Beauftragungen Dritter mit der gesamten Vermittlung - ist die Einführung von Wettbewerb. Über den Marktmechanismus soll sich die Effektivität der Arbeitsvermittlung erhöhen. Die Studie untersucht die...
Persistent link: https://www.econbiz.de/10003873490
This paper analyzes some of the limitations of the privatization of public enterprises in Bangladesh focusing on the … large number of privatized firms have been able to evade tax registration. The post-privatization experience of Bangladesh … which privatized firms' budget constraints are often softened in spite of privatization …
Persistent link: https://www.econbiz.de/10012894371
Recent policy discussions have debated whether governments should treat state-owned and private enterprises equally or adopt different policies towards each type of enterprise. Such questions are pertinent for difficult economic climates in which government subsidy towards struggling state-owned...
Persistent link: https://www.econbiz.de/10012866797