Staged privatization: transforming state-owned enterprises into market-based firms

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Staged privatization: transforming state-owned enterprises into market-based firms

Most privatizations around the world, especially in developed economies, are staged processes involving multiple stages of share lockup and unlocking in the stock market. This paper proposes a theory on staged or step-by-step privatization. We show that such an approach is efficient, in the sense th...

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Bibliographic Details
Main Authors:	Jiang, Kun, Wang, Susheng
Format:	Article
Published:	Mohr Siebeck 2016
Subjects:	staged privatization lockup policy tradable shares nontradable shares
Online Access:	https://eprints.nottingham.ac.uk/50064/

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