This paper examines a different way of privatization from existing literature. In a mixed duopoly Hotelling type model … privatization always improves social welfare comparing to no privatization at all. And comparing to privatizing the public firm in …

countries and show that the dividend premium is significantly positively related to new agency costs induced by privatization …

This paper examines the optimal privatization policy in vertically related markets in which an upstream public firm … and the resulting profit margin is positive. However, complete privatization is never optimal. Numerical simulations … reveal both the diverse optimal privatization regimes and the patterns of optimal privatization levels with varying numbers …

excel. Our study is the first in the privatization literature to go beyond performance comparisons and examine firm …

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 …

their capital, which previously were published as part of government privatization programs (from 2011 – for three …

This paper is the first to investigate an alternative approach of privatization: privatizing only a subsidiary of a … portion of the firm's stocks to private investors (entirety privatization), we consider only a subsidiary of the public firm … is privatized (subsidiary privatization). We find that subsidiary privatization not only improves social welfare …