Privatization And Corporate Governance
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Privatization Corporate Governance And The Emergence Of Markets
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Author : E. Rosenbaum
language : en
Publisher: Springer
Release Date : 2000-03-23
Privatization Corporate Governance And The Emergence Of Markets written by E. Rosenbaum and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-03-23 with Business & Economics categories.
The volume focuses on privatisation in transition countries, addressing issues ranging from corporate governance to the relationship between privatisation and the emergence of markets, from a multi-disciplinary perspective. The contributors investigate both the theoretical groundwork of privatisation and enterprise restructuring as well as recent empirical evidence. The contributions show that changes in ownership titles are but one part of the story, being closely interwoven as they are with the transformation of corporate governance, enterprise restructuring, network transformation and the emergence of markets.
Governance Regulation And Privatization In The Asia Pacific Region
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Author : Takatoshi Ito
language : en
Publisher: University of Chicago Press
Release Date : 2007-11-01
Governance Regulation And Privatization In The Asia Pacific Region written by Takatoshi Ito and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-11-01 with Business & Economics categories.
Over the last twenty-five years, there has been an acceleration in the move from government regulation towards privatization. Governance, Regulation, and Privatization in the Asia-Pacific Region is the first thoroughgoing account of the relative success of the different approaches to privatization as undertaken in Korea, China, Australia, and Japan. In most contexts, privatization is expected to yield greater efficiency and cost effectiveness while avoiding the corruption and bloated budgets of government regulation or monopoly control. But broad-scale privatization, if ill designed, has also yielded its share of difficulties in East Asia. Privatization sometimes has created a vacuum in corporate governance for some of the region's most important industries and in some cases merely reinstated the monopoly-like configurations. The papers presented in this book discuss the experiences of privatization in several industries, including railroad and telecom, corporate governance problems, accounting issues, and challenges for the future in East Asian countries. The first section is theoretical in nature and proposes boundaries among government protection, market freedom, and shareholder expectations. The second part is constituted by country case studies, beginning with an analysis of both the Korean financial crisis that followed its 1997 law to privatize large, public sector corporations and the new ways Korean corporations finance themselves. Following is an evaluation of China's approach to privatization, with an in-depth look at the financial transitions of companies slated for initial public offering. Providing provocative examples of the methods of privatization in the Asia-Pacific region specifically, these papers will be of huge import to any economist or policymaker interested in transposing those successes for their own region.
Privatization And Corporate Governance
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Author : Samer Ali Kobeissi
language : en
Publisher:
Release Date : 2006
Privatization And Corporate Governance written by Samer Ali Kobeissi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
Privatization has lately become a hot topic, especially in developing countries. There is more and more evidence that the success of privatization highly depend s on the corporate governance practices within a country as well as within the p rivatized firm itself. This paper presents an elaborate review of the previous l iterature on privatization and corporate governance, with special attention to t he internal and external control mechanisms that monitor firm's performance. Next, the paper focuses on privatization in the Arab World. It uses a sample of 18 firms to conduct an exploratory empirical analysis on the effect of privatiza tion on firm's performance and the link between post-privatization performance a nd corporate governance variables. In general, the privatized firms show improvements in performance, increase in o utput, and decrease in debt level and in investment level. There is also an impr ovement in stock performance on the long run. In terms of the effect of governance on performance, lower levels of government ownership are associated with higher profitability, higher level of investment, and lower debt level. Also, positive changes in board are associated with higher profitability, higher levels of output, and lower debt levels, but also with lo wer levels of investment. However, the relationship between governance variables and stock performance is not clear.
Corporate Governance State Owned Enterprises And Privatisation
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 1998-04-03
Corporate Governance State Owned Enterprises And Privatisation written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-04-03 with categories.
This publication presents the papers of the OECD conference on "State-Owned Enterprises, Privatisation and Corporate Governance" which took place in Paris on 3 and 4 March 1997.
Corporate Governance A Policy Maker S Guide To Privatisation
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2019-03-21
Corporate Governance A Policy Maker S Guide To Privatisation written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-21 with categories.
Policy makers and privatisation experts agree that it is critical to “get privatisation right.” A well-planned and executed transaction, backed by sound rationales, institutional and regulatory arrangements, good governance, and integrity can have consequences on future divestment activity by enhancing investor confidence while gaining the support of stakeholders and the public.
Privatization And Corporate Governance
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Author : Alexander Dyck
language : en
Publisher:
Release Date : 2001
Privatization And Corporate Governance written by Alexander Dyck and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Electronic book categories.
Privatization And Corporate Governance
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Author : John C. Coffee
language : en
Publisher:
Release Date : 1999
Privatization And Corporate Governance written by John C. Coffee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Corporate governance categories.
Three Essays On Privatization And Corporate Governance
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Author : Wanrapee Banchuenvijit
language : en
Publisher:
Release Date : 2006
Three Essays On Privatization And Corporate Governance written by Wanrapee Banchuenvijit and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
This dissertation seeks not only to extend the existing privatization literature but also to provide the association between privatization and corporate governance literatures. It is divided into three essays. The first essay examines changes in the financial and operating performance of 103 firms worldwide that were partially or fully privatized through public share offerings during 1993-2003. The empirical results from the Wilcoxon and proportion tests show increases in profitability, operating efficiency, capital spending, output, and dividend payments as well as decreases in leverage and total employment. A combined result of this essay and the three previous and comparable papers indicates that, for the whole period from 1961 to 2003, privatization helps improve firm performance in a wide variety of countries, industries, and competitive environments. The second essay investigates the impact of macro corporate governance mechanisms (anti-director rights index, enforcement index, and corporate disclosure index) on the subsequent performance of 103 privatized firms around the world during 1993-2003. After controlling for endogeneity, the empirical results exhibit that macro governance mechanisms are important determinants of firm performance following privatization in both developed and developing countries. Finally, the third essay studies how internal control mechanisms (board size, board composition, CEO duality, and financial expertise of boards) affect the subsequent performance of 103 privatized firms around the world during 1993-2003. After controlling for endogeneity, the empirical results demonstrate that internal governance mechanisms (with the concentration on the role of board of directors) are important determinants of firm performance following privatization in only developing countries.
Privatization And Corporate Control In The Czech Republic
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Author : Clemens Schütte
language : en
Publisher: Edward Elgar Publishing
Release Date : 2000
Privatization And Corporate Control In The Czech Republic written by Clemens Schütte and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business & Economics categories.
The book discusses the role of the most important players in corporate control including the big bank-centred financial groups, capital markets, the board model of Czech corporations and the institutional base of debt control and minority shareholder protection. It also reveals the conflict of political intentions and real-time developments.
Privatization Corporate Governance
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Author : Ronald I. Sibert
language : en
Publisher:
Release Date : 2005
Privatization Corporate Governance written by Ronald I. Sibert and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Hospitals categories.