We extend the current empirical literature on privatization by exploring the effect of ultimate privatization on the performance of Chinese listed companies. Ultimate privatization is defined as the incidence of transferring the ultimate control of a state-owned company from the government to private owners. Using a sample of 127 Chinese listed companies that have had controlling blocks transfe...

he leveraged buyout (LBO) model has evolved into a powerful mechanism for corporate transformation. Multibillion-dollar buyout funds are busy purchasing private companies and taking public companies private. Nine of the top ten largest buyouts in history have been completed in the past 18 months by private equity houses, and with these record amounts of capital, both in terms of debt and equity...

The control of French local or regional transport networks is being partially (but continually since 1982) transferred from the state administration and from transport companies to local authorities. Since the mid nineties, the cities have increased their expertise request for a sustainable mobility. How does the French urban transport expertise renew itself? This paper focuses on the links bet...