The Financial Economics of Privatization

The Financial Economics of Privatization

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Since 1981, over 100 governments around the world have raised over $1 trillion through the sale of SOEs to private investors. Privatization programs have transformed the role of the state in virtually all-major economies, and have massively increased the capitalization and liquidity of all non-U.S. stock markets. The focus of this book lies on where privatization stands today and what are the next frontiers, the why and how behind countries who privatize certain industries, whether privatization works as an economic tool and important insights relevant to financial institutions such as how to value privatized industries, how share offerings differ from private offerings, and how countries go about harnessing private capital. The book will also represent a key and unique source for information related to the details of asset sales privatization, a summary of statistics of privatized companies from 54 international stock exchanges, regulatory changes and sources for privatization information for investors, government officials, bankers and financial specialists. The volume will serve as an invaluable reference for professionals and as a core or supplementary text in privatization courses.Chapter 9 The following texts are recommended for further reading: Barth, Caprio , and Levine (2003); Berger (2003); Boehmer, Nash, and Netter ... Barth, James R ., Gerald Caprio, and Ross Levine. 2001. ... In Robert E. Litan and Richard Herring, eds, Integrating Emerging Market Countries Into the Global Financial System.

Title:The Financial Economics of Privatization
Author:Michael F. Price College of Business University of Oklahoma William L. Megginson Professor and Rainbolt Chair in Finance
Publisher:Oxford University Press, USA - 2004-12-17


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