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Article: Staged Privatization: An Efficient Approach

TitleStaged Privatization: An Efficient Approach
Authors
KeywordsStaged privatization
Lockup policy
Tradable shares
Nontradable shares
Issue Date2009
AbstractThis 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 Identifierhttp://hdl.handle.net/10722/141887
SSRN

 

DC FieldValueLanguage
dc.contributor.authorJiang, K-
dc.contributor.authorWang, S-
dc.date.accessioned2011-09-27T09:12:46Z-
dc.date.available2011-09-27T09:12:46Z-
dc.date.issued2009-
dc.identifier.urihttp://hdl.handle.net/10722/141887-
dc.description.abstractThis 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.languageeng-
dc.subjectStaged privatization-
dc.subjectLockup policy-
dc.subjectTradable shares-
dc.subjectNontradable shares-
dc.titleStaged Privatization: An Efficient Approachen_US
dc.typeArticle-
dc.identifier.ssrn1479928-

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