privatization (i.e., IPO) has different effects depending on the types of owners to whom it gives control in corporate governance …

Even though it is well documented that privatization leads to an improvement in the performance of state … because it does not consider the performance of control firms of similar pre-privatization situations, i.e. the performance of … following privatization. Matching sample firms (privatized) to control firms (SOEs), I document that privatized firms do not …

While it is well documented that privatization leads to an improvement in the performance of state-owned enterprises … similar pre-privatization situations, i.e. the performance of SOEs. By matching sample firms (privatized) to control firms …, which might put into question the benefits of privatization in Egypt. However, the caveat here is that the findings of no …