nowadays reforming, of the ownership structure, from governmental ownership to privatization ownership, is a way of gaining constant and dynamic development. one of the best ways of privatization is denoting stocks by stock change and one of the most important factors to reach its fulfillment is how to price the denoted stocks. so far due to the importance and greatness of pricing stocks, many ...

In many countries infrastructure liberalization proceeded faster than the privatization of former state monopolies. Regulatory agencies, established to oversee the transition and safeguard the preconditions for competition, therefore monitor state-owned firms in addition to privately owned firms. Prior accounts of similar arrangements have generated contradictory claims. The paper studies two p...

Privatization has been the most controversial policy dominating the political agenda of many countries around the world. For instance, in the 1980s privatization were the policy choice and preferences as well as the new wave of conservative market reforms beginning in the west with the Thatcher government in the United Kingdom in 1979 and the Regan government in the United States the following ...

In developed countries, businesses are adopting environmentally friendly management practices, possibly because they are proving profitable. However, the benefits of a corporate environmental strategy are less clear in developing and transition economies, where environmental regulations are poorly enforced and social pressures are weak. Given this lack of clarity, understanding the causes and c...

This thesis extends the literature on the role of state ownership by distinguishing the governance roles of two types of state-share holders in China’s listed companies. Government agencies that act as state-share holders (“GA shareholders”) are detrimental to firm value according to both the political and managerial perspectives. Non-government agencies such as SOEs and other forms of market-o...

BACKGROUND Avahan, a large-scale HIV prevention program in India, transitioned over 130 intervention sites from donor funding and management to government ownership in three rounds. This paper examines the transition experience from the perspective of the communities targeted by these interventions. METHODS Fifteen qualitative longitudinal case studies were conducted across all three rounds o...

BACKGROUND Public sector health facilities were poorly managed due to a history of conflict in Nagaland, India. Government of Nagaland introduced "Nagaland Communitisation of Public Institutions and Services Act" in 2002. Main objectives of the evaluation were to review the functioning of Health Center Managing Committees (HCMCs), deliver health services in the institutions managed by HCMC, ide...

We compare the structure and performance of for-profit (FP), nonprofit (NP) and local government (LG) organizations. These organizations differ in their ownership structure, objectives and agency relations. We conjecture that, compared to NP and LG, FP firms (a) delegate less decision-making power to employees, (b) provide more incentives and fewer fringe benefits, (c) monitor less, and (d) rel...

Recent contributions to the literature on Public-private Partnerships identify conditions that support task bundling vis-à-vis a conventional model of procurement in which the State delegates investments and operations into di¤erent …rms. When asymmetric information between agents is a concern, the literature …nds that risk allocation, long term contracting, and commitment matter for sector per...