| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Reluctant Privatization | |
| Bernardo Bortolotti; Mara Faccio | |
| 发表日期 | 2004 |
| 出处 | Economy and Society |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | We study the evolution of the control structure of 141 privatized firms from OECD countries over the period from 1996 through 2000. We find that governments do not relinquish control after "privatization." We show that the market-to-book ratios of privatized firms converge through time to those of a control sample. However, this convergence does not depend on whether governments relinquish their control rights. In fact, large government stakes have no negative effect on either adjusted market value or stock price performance. |
| 特色分类 | L33,D72,G15,H6,K22 |
| 关键词 | Privatization,Corporate governance |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/reluctant-privatization/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117081 |
| 推荐引用方式 GB/T 7714 | Bernardo Bortolotti,Mara Faccio. Reluctant Privatization. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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