Privatisation

Government Control of Privatized Firms

We study the change in government control of privatized firms in OECD countries. Results indicate that governments typically transfer ownership...

Regulation of Private Equity - Backed Leveraged Buyout Activity in Europe

Private equity-backed leveraged buyout activity in European markets has risen to unprecedented levels in recent years. This has yielded significant...

Law and Stock Market Development in the UK Over Time: An Uneasy Match

Britain has a reputation for having a stock market-oriented corporate economy and there is an extensive literature maintaining that laws affording...

The Eclipse of Private Equity

Private equity, characterized by firms operating as privately held partnerships organizing the acquisition and "taking private" of public...

The Choice Between Various Freeze-out Procedures and its Consequences

We develop a model of freeze-out merger and tender offers and test it in an economy where merger and tender regulation are extremely different. Using a...

Market Liquidity, Investor Participation and Managerial Autonomy: Why do Firms go Private?

The Role of Institutional Investors in Public-to-Private Transactions

Leveraged Public to Private Transactions in the UK

Freeze-Outs: Transcontinental Analysis and Reform Proposals

Why Do Firms Go Dark? Causes and Economic Consequences of Voluntary SEC Deregistrations

All Clear for Takeoff: Evidence from Airports on the Effects of Infrastructure Privatization

Infrastructure assets have undergone substantial privatization in recent decades. How do different types of owners target and manage these assets?...

Leveraged Buyouts in the U.K. and Continental Europe: Retrospect and Prospect