This study investigates the determinants of residual government ownership and the impact of such ownership on post-privatization … privatization …

determines whether such performance differs across firms according to their new ownership structure. The Egyptian privatization … program provides unique post-privatization data on different ownership structures. Since most studies do not distinguish … between the types of ownership, this paper provides new insight into the impact that post-privatization ownership structure …

have set up stronger governance than domestic private firms that have not experienced privatization. I propose seven … governments' fiscal conditions in the privatization year and privatized firms' governance, which suggests a significant role … played by local governments in shaping corporate governance during the privatization process …

economy and hence have engaged in privatization and sell-out efforts. Still, the Indian state owns about 277 enterprises, of …