This paper examines the equilibrium price effects of the privatization of housing assets that were previously owned and allocated by the state. I develop a theoretical framework that shows that privatization can have ambiguous effects on prices in the private market, and that the degree of misallocation of the assets prior to privatization determines the subsequent price effects. I test the pre...

BACKGROUND During the last two decades the German hospital sector has been engaged in a constant process of transformation. One obvious sign of this is the growing amount of hospital privatization. To date, most research studies have focused on the effects of privatization regarding financial outcomes and quality of care, leaving important organizational issues unexplored. Yet little attention ...

This paper estimates the effect of domestic and foreign privatization on multifactor productivity (MFP) using long panel data for nearly the universe of initially state-owned manufacturing firms in Ukraine. The longitudinal dimension of the data is used to measure and control for pre-privatization selection bias and to estimate long-run impacts. The data imply steadily increasing MFP as a resul...

This paper presents a comprehensive analysis of the preand post-privatization operating performance and stock market performance of privatized banks and rival banks in middleand low-income countries. First, we find that privatization announcements elicit negative abnormal returns for rival banks and that the effects are more pronounced for subsequent tranche sale where the proportion of governm...

Although a great deal of emphasis has been put on it, privatization of infrastructure is only a means to an end, and not an end in and of itself. The goal is a more efficient sector delivering quality service while fulfilling its social responsibilities. Privatization is only an effective means towards the achievement of that result if it is done in the context of an appropriate market and regu...

The 1990s witnessed a period of significant increase in investments in the oil and gas sector in Latin America. In most countries private investment took the lead after the privatization and liberalization of the sector. For example, in Argentina, Bolivia, Brazil, Ecuador, and Venezuela, private oil investment and/or some form of privatization made possible significant additions in hydrocarbons...

This study examined the knowledge and perception of farmers regarding privatization and commercialization of agricultural extension services in Delta State, Nigeria. A sample size of 90 farmers in contact with extension agents was randomly selected for the study. Data for the study was collected through the use of a validated structured interview schedule. Both descriptive and inferential stati...

Privatization which refers to the transition of ownership and management of state-owned enterprises to the private sector, is one of the main drivers of economic prosperity. In this paper, the performance of the state, private, and privatized banks have been compared through examining the effects of privatization in the banking system on its performance. The data from 11 banks during the 13-yea...

The Community Preventive Services Task Force recommends against privatization of alcohol retail sales in settings with current government control of retail sales, based on strong evidence that privatization results in increased per capita consumption of alcoholic beverages, a well-established proxy for excessive consumption and related harms.