The Financial Economics Of Privatization

Author : William L. Megginson,Professor and Rainbolt Chair in Finance Michael F Price College of Business William L Megginson
Publisher : Oxford University Press on Demand
Page : 533 pages
File Size : 42,6 Mb
Release : 2005-01-13
Category : Business & Economics
ISBN : 9780195150629

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The Financial Economics of Privatization by William L. Megginson,Professor and Rainbolt Chair in Finance Michael F Price College of Business William L Megginson Pdf

Central to the book's content is its focus on where privatisation stands today and what are the next frontiers, the why and how behind countries who privatise certain industries, and whether privatisation works as an economic tool.

Author : William L. Megginson
Publisher : Unknown
Page : 522 pages
File Size : 43,7 Mb
Release : 2005
Category : Finance, Public
ISBN : 0199835764

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The Financial Economics of Privatization by William L. Megginson Pdf

Central to the book's content is its focus on where privatisation stands today and what are the next frontiers, the why and how behind countries who privatise certain industries, and whether privatisation works as an economic tool.

Author : Michael A. Crew,David Parker
Publisher : Edward Elgar Publishing
Page : 720 pages
File Size : 42,6 Mb
Release : 2008
Category : Business & Economics
ISBN : IND:30000124808118

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Developments in the Economics of Privatization and Regulation by Michael A. Crew,David Parker Pdf

Presents contributions on privatization and regulation. This book is suitable for scholars, policymakers and regulators in the study of privatization and regulation.

Author : Mary M. Shirley,Patrick P. Walsh
Publisher : World Bank Publications
Page : 72 pages
File Size : 55,5 Mb
Release : 2000
Category : Competition
ISBN : 8210379456XXX

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Public Versus Private Ownership by Mary M. Shirley,Patrick P. Walsh Pdf

Disappointment with insider trading in Russia, with voucher privatization in the Czech Republic, and with the privatization of infrastructure in many developing countries in many developing countries has spawned new critiques of privatization. How do theory and empirical evidence answer the much-debated questions, which is more important to performance, competition or private ownership? Are state enterprises more subject to welfare-reducing interventions by government than private firms are? Do state enterprises suffer more from problems of corporate governance?

Author : Ira W. Lieberman,Daniel J. Kopf
Publisher : Elsevier
Page : 383 pages
File Size : 48,5 Mb
Release : 2008
Category : Business & Economics
ISBN : 9780762314638

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Privatization in Transition Economies by Ira W. Lieberman,Daniel J. Kopf Pdf

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Author : Herbert Giersch
Publisher : Springer Science & Business Media
Page : 362 pages
File Size : 52,7 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642608254

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Privatization at the End of the Century by Herbert Giersch Pdf

At the end of the century, privatization has become a worldwide phenomenon. It is taking place in what was once called the first, the second, and the third world. The volume mirrors this expansion of privatization. In Part I on the economics of privatization, historical, theoretical, and politico-economic issues are covered. In Part II country studies are presented for China, the Czech Republic, Eastern Germany, Estonia, Hungary, Poland, Russia and the United Kingdom. In Part III a broader view on privatization is taken by including deregulation and the private provision of public goods and services.The book contains contributions by D.BAs, T.Eggertsson, R.P.Heinrich, P. Jasinski, H.Klodt, B.Krug, D.Lal, S.C.Littlechild, M. Mejstrik, P.Mihalyi, P.Plane, J.-J.Rosa, K.M.Schmidt and M.Schnitzer, and U.Siegmund.

Author : David J. Donaldson
Publisher : World Bank Publications
Page : 98 pages
File Size : 54,6 Mb
Release : 1995-01-01
Category : Business & Economics
ISBN : 0821334476

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Privatization by David J. Donaldson Pdf

Examines key aspects of labor market conditions as they are affected by the economic reforms that are integrating Latin American and Caribbean economies with world markets. Also available: Portuguese edition (ISBN 0-8213-3502-2) Stock No. 13502; Spanish edition (ISBN 0-8213-3501-4) Stock No. 13501.

Author : John Vickers,George K. Yarrow
Publisher : MIT Press
Page : 476 pages
File Size : 53,7 Mb
Release : 1988
Category : Business & Economics
ISBN : 0262720116

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Privatization by John Vickers,George K. Yarrow Pdf

The process of selling assests and enterprises to the private sector raises questions about natural monopolies, the efficiency and equity of state-owned versus privately owned enterprises, and industrial policy. This comprehensive analysis of the British privatization program explores these questions both theoretically and empirically.

Author : ʻAmnūai Wīrawan
Publisher : Unknown
Page : 44 pages
File Size : 48,5 Mb
Release : 1991
Category : Business & Economics
ISBN : UCAL:B5477204

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Privatization by ʻAmnūai Wīrawan Pdf

Text of lecture given at the Bangkok Bank in Bangkok, Thailand, on 13 October 1991.

Author : Bernardo Bortolotti,Assistant Professor University of Turin Bernardo Bortolotti,Domenico Siniscalco
Publisher : Oxford University Press on Demand
Page : 171 pages
File Size : 49,9 Mb
Release : 2004-03-11
Category : Business & Economics
ISBN : 9780199249343

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The Challenges of Privatization by Bernardo Bortolotti,Assistant Professor University of Turin Bernardo Bortolotti,Domenico Siniscalco Pdf

From 1997 to 2001, more than 4,000 privatization operations have been carried out in more than 100 countries, bringing in government revenues of over 1,362 billion dollars. The phenomenon, which grew exponentially at the end of the 1990s and then abruptly slowed down, had dramatic consequences on the performance of state-owned enterprises and a significant impact on industrialized countries, as well as emerging and less developed economies. Yet there have been surprisingly fewattempts to provide a systematic empirical account of the privatization process at the worldwide level.Why do governments privatize? Why do some countries accomplish large-scale privatization programmes, and others never privatize at all? Is privatization a trend or a cycle? Furthermore, how do governments privatize? Do governments really transfer ownership and control of state-owned enterprises or does private ownership tend to coexist with public control?This book provides some answers to these important questions trying to test research hypotheses set forth by the recent economic theory of privatization.Comprehensive cross-country empirical analyses carried out over a period of more than twenty years are used in the book to show that privatization has taken place all over the world, sometimes spontaneously, more often under the pressure of economic and budgetary constraints. Several of the goals of the privatization have been met, but despite proclamations and programmes, only a small minority of countries has carried out a genuine privatization process, completely transferring ownership ofstate-owned enterprises to the private sector. A lack of political will is to some extent at the root of this reluctance. However this reluctance can be traced back partly to structural factors that would make an orderly privatization difficult, such as the absence of developed capital markets,appropriate regulation, and suitable institutions.

Author : Gérard Roland
Publisher : Columbia University Press
Page : 257 pages
File Size : 41,7 Mb
Release : 2008
Category : Business & Economics
ISBN : 9780231141604

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Privatization by Gérard Roland Pdf

The privatization of large state-owned enterprises is one of the most radical policy developments of the last quarter century. Right-wing governments have privatized in an effort to decrease the size of government, while left-wing governments have privatized either to compensate for the failures of state-owned firms or to generate revenues. In this way, privatization has spread from Europe to Latin America, from Asia to Africa, reaching its zenith with Central and Eastern Europe's transition from socialism to capitalism. In many countries state ownership has been an important tool in bringing cheap water, energy, and transport to poorer segments of the population. In other instances, it has sponsored aggressive cutbacks, corruption, and cronyism. Privatization: Successes and Failures evaluates the practices and results of privatization in Eastern Europe, Africa, Latin America, and Asia. Featuring the world's leading economists and experts on privatization, this volume offers a broad and balanced analysis of specific privatization projects and uncovers some surprising trends. Partial privatization, for example, tends to be more widespread than one might think, and the effects of privatization on efficiency are generally mixed but rarely negative. Also, while privatization appears uncontroversial in competitive sectors, it becomes increasingly complex in more monopolistic sectors where good regulation is crucial. Privatization concludes with alternative frameworks for countries in Africa and other regions that seek to develop privatization policy and programs.

Author : George K. Yarrow,Piotr Jasiński
Publisher : Taylor & Francis
Page : 304 pages
File Size : 53,9 Mb
Release : 1996
Category : Business & Economics
ISBN : 0415143276

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Privatization by George K. Yarrow,Piotr Jasiński Pdf

Author : Sunita Kikeri,John R. Nellis
Publisher : World Bank Publications
Page : 60 pages
File Size : 51,8 Mb
Release : 2002
Category : Privatizacion
ISBN : 8210379456XXX

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Privatization in Competitive Sectors by Sunita Kikeri,John R. Nellis Pdf

Author : William L. Megginson
Publisher : Unknown
Page : 153 pages
File Size : 42,5 Mb
Release : 2017
Category : Electronic books
ISBN : 1680833391

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Privatization, State Capitalism, and State Ownership of Business in the 21st Century by William L. Megginson Pdf

This study summarizes the economic and political developments relating to privatization, state capitalism, and state ownership of business since 2000 and then surveys the extensive recent research examining these issues empirically. Through the early 21st century, there was an unambiguous global trend towards reducing government ownership of business enterprise, but this trend has since at least been slowed, and perhaps even reversed. We discuss the factors that have promoted a global resurgence of state ownership, then define and analyze the new ideology labeled "state capitalism." Recent research examines whether privatization improves the operating and financial performance of divested companies, as well as when, where and how governments decide to privatize individual companies and how these sales are priced. All the performance studies surveyed document significant improvements after companies are divested. Recent academic and professional research categorizes and evaluates various types of state owners; examines determinants of the level of state ownership; studies how state ownership impacts the valuation of corporate assets and examines the relative efficiency of state versus private ownership; and assesses how state ownership impacts corporate financial policies, especially capital investment. This research highlights that different types of state owners have very different impacts on corporate value and performance, and that state ownership generally has a significant, and mostly pernicious, impact on corporate investment and financial policies. The separate effect of state ownership on corporate valuation is less clear-cut. This survey also summarizes recent empirical research examining the relationship between state ownership of business assets and financial markets and institutions, and also surveys the literature examining political connections between politicians and corporate managers. Sovereign wealth fund research yields essentially benign findings, but almost all studies examining state-owned banking show that state ownership reduces banks' efficiency. All the financial markets and institutions studies examined highlight the distortive effects and economic costs of bailouts and guarantees, and almost all the political connections studies find that these connections are privately beneficial but socially costly. Finally, the research surveyed here convinces the author that "state capitalism" is an essentially failed model.

Author : G. Christodoulakis
Publisher : Palgrave Macmillan
Page : 0 pages
File Size : 49,6 Mb
Release : 2014-12-23
Category : Business & Economics
ISBN : 1137304944

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Managing Risks in the European Periphery Debt Crisis by G. Christodoulakis Pdf

The European Periphery Debt Crisis (EPDC) has its roots in the structural characteristics of the individual economies affected. This book offers a full diagnosis of the EPDC, its association to the national and international structural characteristics and a full analysis from a risk management point of view of the available policy options.