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- W3123757519 abstract "We study the change in government control of privatized firms in OECD (Organisation for Economic Co-operation and Development) countries. At the end of 2000, after the largest privatization wave in history, governments retained control of 62.4% of privatized firms. In civil law countries, governments tend to retain large ownership positions, whereas in common law countries they typically use golden shares. When we combine these two mechanisms, we find no association between a country's legal tradition and the extent of government control. Rather, we document more prevalent government influence over privatized firms in countries with proportional electoral rules and with a centralized system of political authority." @default.
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- W3123757519 date "2008-08-31" @default.
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- W3123757519 title "Government Control of Privatized Firms" @default.
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- W3123757519 doi "https://doi.org/10.1093/rfs/hhn077" @default.
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