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Article: Staged Privatization: An Efficient Approach
| Title | Staged Privatization: An Efficient Approach |
|---|---|
| Authors | |
| Keywords | Staged privatization Lockup policy Tradable shares Nontradable shares |
| Issue Date | 2009 |
| Abstract | This paper provides a theory on staged or step-by-step privatization. We show that such an approach can be efficient, in the sense that it can successfully transform a state-owned enterprise into an efficient market-based firm by the time when the reform is complete. It may explain the popularity of staged privatization around the world. We have also conducted em-pirical analysis, which yields supporting evidence for our theory. |
| Persistent Identifier | http://hdl.handle.net/10722/141887 |
| SSRN |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Jiang, K | - |
| dc.contributor.author | Wang, S | - |
| dc.date.accessioned | 2011-09-27T09:12:46Z | - |
| dc.date.available | 2011-09-27T09:12:46Z | - |
| dc.date.issued | 2009 | - |
| dc.identifier.uri | http://hdl.handle.net/10722/141887 | - |
| dc.description.abstract | This paper provides a theory on staged or step-by-step privatization. We show that such an approach can be efficient, in the sense that it can successfully transform a state-owned enterprise into an efficient market-based firm by the time when the reform is complete. It may explain the popularity of staged privatization around the world. We have also conducted em-pirical analysis, which yields supporting evidence for our theory. | - |
| dc.language | eng | - |
| dc.subject | Staged privatization | - |
| dc.subject | Lockup policy | - |
| dc.subject | Tradable shares | - |
| dc.subject | Nontradable shares | - |
| dc.title | Staged Privatization: An Efficient Approach | en_US |
| dc.type | Article | - |
| dc.identifier.doi | 10.2139/ssrn.1479928 | - |
| dc.identifier.ssrn | 1479928 | - |