The structure of privatization plans.
From: Financial Management
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Date: 3/22/1993
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Author: Guney, Serhat E.; Perotti, Enrico C.
A cross-country examination of the history of privatization plans is examined in order to shed light on government strategies in achieving large capital sales. This study specifically focuses on the structure, performance and underpricing of such sales. Notable similarities across several markets include heavily underpriced fixed-priced offers and gradual sales, despite rapid transfer of control. There are two conventional explanations for gradual sales: that sale price depression may occur ...
COPYRIGHT 1993 Financial Management Association
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