Many authors have identified zero to negative announcement returns for acquirers in traditional mergers and acquisitions. When purchasing state-owned ...
This chapter outlines some fundamental problems encountered in large-scale privatizations, discusses unresolved policy choices, and draws preliminary ...
The transformation process of the previously centrally planned economies of Eastern Europe has been under way for over two years.
In these cases, privatization will be accomplished mainly by transferring ownership to the firms' workers, through a lease or an outright purchase.
Summary. This research examines the effects of privatization transaction strategy on enterprise performance in developing economies. Focusing on trade sale ...
The privatisation of state-owned commercial assets is an unstoppable global trend, with particularly strong momentum in Western and Eastern Europe.
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Here the government has undertaken only modest privatizations, including sales of shares in state-owned insurance firms and in sugar production (Barrett, 1998).
As far as outside investors are concerned, there is no doubt that allow- ing assets to trade before values are well-established will create ex post winners ...
This does not rule out the use of auction or public or public tender methods in the sale of a few selected firms. The most likely customers are foreign ...
One possibility is that these mergers destroy value for the overall acquisition, so that the total value created in these transactions is negative or that the ...
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