Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Corporate Governance During And After Privatisation
Download Corporate Governance During And After Privatisation full books in PDF, epub, and Kindle. Read online Corporate Governance During And After Privatisation ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis Corporate Governance A Policy Maker's Guide to Privatisation by : OECD
Download or read book Corporate Governance A Policy Maker's Guide to Privatisation written by OECD and published by OECD Publishing. This book was released on 2019-03-21 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policy makers and privatisation experts agree that it is critical to “get privatisation right.” A well-planned and executed transaction, backed by sound rationales, institutional and regulatory arrangements, good governance, and integrity can have consequences on future divestment activity by enhancing investor confidence while gaining the support of stakeholders and the public.
Book Synopsis Corporate Governance, State-Owned Enterprises and Privatisation by : OECD
Download or read book Corporate Governance, State-Owned Enterprises and Privatisation written by OECD and published by OECD Publishing. This book was released on 1998-04-03 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication presents the papers of the OECD conference on "State-Owned Enterprises, Privatisation and Corporate Governance" which took place in Paris on 3 and 4 March 1997.
Book Synopsis Corporate Governance During and After Privatisation by : Péter Mihályi
Download or read book Corporate Governance During and After Privatisation written by Péter Mihályi and published by . This book was released on 1997 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Privatization, Corporate Governance and the Emergence of Markets by : E. Rosenbaum
Download or read book Privatization, Corporate Governance and the Emergence of Markets written by E. Rosenbaum and published by Springer. This book was released on 2000-03-23 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: The volume focuses on privatisation in transition countries, addressing issues ranging from corporate governance to the relationship between privatisation and the emergence of markets, from a multi-disciplinary perspective. The contributors investigate both the theoretical groundwork of privatisation and enterprise restructuring as well as recent empirical evidence. The contributions show that changes in ownership titles are but one part of the story, being closely interwoven as they are with the transformation of corporate governance, enterprise restructuring, network transformation and the emergence of markets.
Book Synopsis Governance, Regulation, and Privatization in the Asia-Pacific Region by : Takatoshi Ito
Download or read book Governance, Regulation, and Privatization in the Asia-Pacific Region written by Takatoshi Ito and published by University of Chicago Press. This book was released on 2007-11-01 with total page 483 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last twenty-five years, there has been an acceleration in the move from government regulation towards privatization. Governance, Regulation, and Privatization in the Asia-Pacific Region is the first thoroughgoing account of the relative success of the different approaches to privatization as undertaken in Korea, China, Australia, and Japan. In most contexts, privatization is expected to yield greater efficiency and cost effectiveness while avoiding the corruption and bloated budgets of government regulation or monopoly control. But broad-scale privatization, if ill designed, has also yielded its share of difficulties in East Asia. Privatization sometimes has created a vacuum in corporate governance for some of the region's most important industries and in some cases merely reinstated the monopoly-like configurations. The papers presented in this book discuss the experiences of privatization in several industries, including railroad and telecom, corporate governance problems, accounting issues, and challenges for the future in East Asian countries. The first section is theoretical in nature and proposes boundaries among government protection, market freedom, and shareholder expectations. The second part is constituted by country case studies, beginning with an analysis of both the Korean financial crisis that followed its 1997 law to privatize large, public sector corporations and the new ways Korean corporations finance themselves. Following is an evaluation of China's approach to privatization, with an in-depth look at the financial transitions of companies slated for initial public offering. Providing provocative examples of the methods of privatization in the Asia-Pacific region specifically, these papers will be of huge import to any economist or policymaker interested in transposing those successes for their own region.
Book Synopsis A Policy Maker's Guide to Privatisation by : OECD
Download or read book A Policy Maker's Guide to Privatisation written by OECD and published by Org. for Economic Cooperation & Development. This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policy makers and privatisation experts agree that it is critical to "get privatisation right." A well-planned and executed transaction, backed by sound rationales, institutional and regulatory arrangements, good governance, and integrity can have consequences on future divestment activity by enhancing investor confidence while gaining the support of stakeholders and the public. Drawing on the internationally agreed OECD Guidelines on Corporate Governance of State-Owned Enterprises and decades' worth of national experience across both OECD and Partner economies, this Policy Maker's Guide to Privatisation provides practical advice to newcomers on key stages of the process from inception to post-privatisation. With global privatisation activity trending upwards and expected to rise, this Guide can support policy makers in their decision making process in the years to come.
Book Synopsis Corporate Governance and Secondary Privatisation in Poland by : Piotr Kozarzewski
Download or read book Corporate Governance and Secondary Privatisation in Poland written by Piotr Kozarzewski and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The task of this paper is to provide information and analysis on the legal framework of privatisation and corporate governance in Poland and on secondary privatisation processes in Polish privatised enterprises, i.e. changes in ownership structure which are taking place after privatisation. The role of regulatory framework in secondary privatisation processes is also shown (besides a number of economic, social, gnoseological, and other factors).
Book Synopsis The Economics of Privatisation and Corporate Governance by : Giovanni D'Orio
Download or read book The Economics of Privatisation and Corporate Governance written by Giovanni D'Orio and published by Independently Published. This book was released on 2022-01-17 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate governance systems are receiving remarkable attention in the economics literature. The significance of corporate governance is now widely recognised both for national development and as part of the international financial architecture. The aim of the thesis is to study privatisation, efficiency and corporate governance in homogeneous way. The stream of interest in corporate governance is converging with increasing interest in associated issues of competitiveness, corporate citizenship, and social and environmental responsibility. As the process of privatisation accelerated, the concern for corporate governance grew as it became increasingly apparent that in many countries state enterprises were being privatised into what has been described as a post-privatisation policy. Some issues related to privatisation and corporate governance are of microeconomic nature (related to the economic efficiency, to the reward strategy and to the incentive scheme of a single firms). This work makes a contribution to the knowledge of these issues, providing where possible, some empirical evidence built with the use of parametric (Stochastic Frontier analysis) and non-parametric (Data Envelopment analysis) tools. A review of the international experience on the field is also provided with some directions to build a taxonomy on corporate governance.
Book Synopsis The Creation of the Rule of Law and the Legitimacy of Property Rights by : Karla Ruth Hoff
Download or read book The Creation of the Rule of Law and the Legitimacy of Property Rights written by Karla Ruth Hoff and published by World Bank Publications. This book was released on 2005 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: "How does the lack of legitimacy of property rights affect the dynamics of the creation of the rule of law? The authors investigate the demand for the rule of law in post-Communist economies after privatization under the assumption that theft is possible, that those who have "stolen" assets cannot be fully protected under a change in the legal regime towards rule of law, and that the number of agents with control rights over assets is large. They show that a demand for broadly beneficial legal reform may not emerge because the expectation of weak legal institutions increases the expected relative return to stripping assets, and strippers may gain from a weak and corrupt state. The outcome can be inefficient even from the narrow perspective of the asset-strippers."
Download or read book State on Board! written by Nga Pham and published by Springer Nature. This book was released on 2021-09-01 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research in this book focuses on the strategic behaviour of the State as a shareholder in businesses, and the implications it has for the other shareholder(s) and business performance. It investigates the institutional characteristics of State-linked and State-owned firms (SIEs & SOEs), in emerging markets using Vietnam as a case study with comparative analysis on China and selected ASEAN countries. In doing so, the book adopts an evidence-based approach to explain the State’s role as a shareholder in the different aspects of corporate governance, including CEO appointment, board structure and impact of State ownership on business strategy and performance. It highlights the influence of the State as a shareholder by investigating institutional factors consistent with “path dependence” theory, which postulates that the initial and underlying structure of an economy influences its performance. In addition, the book presents empirical evidence of the dynamics of corporate governance arising from interactions between the State and other shareholders, which has not yet been addressed in the literature, and is distinctive in providing new insights from both qualitative and empirical research on how to successfully navigate the emerging market business environments from the perspective of the State as an “owner-participant”. Explaining the theoretical constructs in corporate governance in State-invested firms, empirical research methodologies, and results to draw and validate inferences, the book is comprehensive and provides a practical guide for practitioners as well as a reference for academics, undergraduate and postgraduate students. The new theoretical models proposed integrate traditional political-economic and agency theories, which also underpin tertiary business courses and academic research.
Book Synopsis Privatization and Corporate Governance by : I. J. Alexander Dyck
Download or read book Privatization and Corporate Governance written by I. J. Alexander Dyck and published by . This book was released on 1999 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper surveys the issues and devises an analytical framework for policy makers and policy advisors concerned with strengthening corporate governance structures in privatization. The analytical framework highlights the explicit and implicit protections that support effective governance. Data from international studies provide governance benchmarks against which the approach of privatization programs in developed, developing and transition economies can be compared. The evidence suggests that where privatization has been viewed as a success, policy makers have, for the most part, followed international governance benchmarks. Weak performance, in contrast, has been accompanied by insufficient attention to governance concerns in the initial privatization design. The paper identifies rationales for these initial deviations and explores miscalculations associated with these rationales. The paper ends with some tentative policy implications about privatization design and ways to address governance difficulties after privatization.
Download or read book Privatization written by Gérard Roland and published by Columbia University Press. This book was released on 2008 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: The privatization of large state-owned enterprises is one of the most radical policy developments of the last quarter century. Right-wing governments have privatized in an effort to decrease the size of government, while left-wing governments have privatized either to compensate for the failures of state-owned firms or to generate revenues. In this way, privatization has spread from Europe to Latin America, from Asia to Africa, reaching its zenith with Central and Eastern Europe's transition from socialism to capitalism. In many countries state ownership has been an important tool in bringing cheap water, energy, and transport to poorer segments of the population. In other instances, it has sponsored aggressive cutbacks, corruption, and cronyism. Privatization: Successes and Failures evaluates the practices and results of privatization in Eastern Europe, Africa, Latin America, and Asia. Featuring the world's leading economists and experts on privatization, this volume offers a broad and balanced analysis of specific privatization projects and uncovers some surprising trends. Partial privatization, for example, tends to be more widespread than one might think, and the effects of privatization on efficiency are generally mixed but rarely negative. Also, while privatization appears uncontroversial in competitive sectors, it becomes increasingly complex in more monopolistic sectors where good regulation is crucial. Privatization concludes with alternative frameworks for countries in Africa and other regions that seek to develop privatization policy and programs.
Author :Organisation for Economic Co-operation and Development Publisher : ISBN 13 :9789264414969 Total Pages :114 pages Book Rating :4.4/5 (149 download)
Book Synopsis A Policy Maker's Guide to Privatisation by : Organisation for Economic Co-operation and Development
Download or read book A Policy Maker's Guide to Privatisation written by Organisation for Economic Co-operation and Development and published by . This book was released on 2019 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policy makers and privatisation experts agree that it is critical to "get privatisation right." A well-planned and executed transaction, backed by sound rationales, institutional and regulatory arrangements, good governance, and integrity can have consequences on future divestment activity by enhancing investor confidence while gaining the support of stakeholders and the public. Drawing on the internationally agreed OECD Guidelines on Corporate Governance of State-Owned Enterprises and decades' worth of national experience across both OECD and Partner economies, this Policy Maker's Guide to Privatisation provides practical advice to newcomers on key stages of the process from inception to post-privatisation. With global privatisation activity trending upwards and expected to rise, this Guide can support policy makers in their decision making process in the years to come.
Author :Organisation for Economic Co-operation and Development Publisher :Org. for Economic Cooperation & Development ISBN 13 : Total Pages :236 pages Book Rating :4.F/5 ( download)
Book Synopsis Corporate Governance of State-Owned Enterprises by : Organisation for Economic Co-operation and Development
Download or read book Corporate Governance of State-Owned Enterprises written by Organisation for Economic Co-operation and Development and published by Org. for Economic Cooperation & Development. This book was released on 2005 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication gives a comparative review of corporate governance practices in relation to state-owned enterprises in OECD countries, including scale and organisation, board composition and functions, relationships with non-state shareholders, the role of stakeholders transparency and disclosure.
Book Synopsis Privatising State-Owned Enterprises by : Ladan Mahoobi
Download or read book Privatising State-Owned Enterprises written by Ladan Mahoobi and published by OCDE. This book was released on 2003-11-26 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report contributes to the dissemination of information on OECD privatisation methods and techniques. It primarily draws upon information that has accumulated during the course of the life of the OECD Privatisation Network and its outreach activity. It also uses information from the Advisory Group on Privatisation, from case examples and from member countries. This report does not question the pros and cons of privatisation but focuses on the implementation aspects of privatisation in the OECD experience.
Book Synopsis History Versus Policy by : Georges Korsun
Download or read book History Versus Policy written by Georges Korsun and published by . This book was released on 1995 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Corporate Governance and Equity Prices by : Stijn Claessens
Download or read book Corporate Governance and Equity Prices written by Stijn Claessens and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: February 1995 More concentrated ownership is generally expected to improve corporate governance. Evidence from Czechoslovakia's mass privatization program supports this hypothesis. Equity prices in the Czech and Slovak Republics are higher when a domestic or foreign investor has majority firm ownership, and lower when ownership is shared among many investors. The 1992 Czechoslovakia mass privatization program involving about 1,500 enterprises and implemented through a voucher scheme with competitive bidding was a bold step in changing the ownership and governance of a large part of the economy. It represents a clear test case of one approach, and other countries may benefit from its lessons. At the time, much skepticism was voiced about mass privatization: it would lead to diffuse ownership, and no effective corporate governance would result. But innovative forces led to the emergence of investment funds that collected much of the individuals' voucher points, leading to a much more concentrated ownership structure. It has been expected that this concentrated ownership would lead to improved corporate governance. But the jury is still out. So far, only limited and largely anecdotal evidence is available on the impact investment funds have on the way firms are being managed. Too little time has passed and too many shocks have occurred (for example, the split of the Czech and Slovak Republics) to expect to find discernible changes in corporate governance on measures of actual firm performance. An alternative approach is to investigate whether firms that ended up with more concentrated ownership -- and possibly improved governance -- sell for higher prices, either in the last voucher round or in the secondary market since then. In a forward-looking financial market, one can expect prices to incorporate the effects of better ownership on future firm performance and associated dividends to shareholders. Put differently, one would expect that two firms with different shareholding structures, but otherwise identical, would trade at different prices -- with the firm with a more concentrated ownership, and presumably better corporate governance, trading at a higher price. On a cross-sectional basis, ownership structure may thus be significant in explaining (relative) share prices. Claessens explores this line of reasoning. Controlling for a number of firm and sector-specific variables, he finds that: * Majority ownership by a domestic or foreign investor has a positive influence on firm prices. * Firms with many small owners have lower prices. * Ownership by many small-scale investors makes it easier for any single investor to establish effective control, but such control does not necessarily translate into higher prices. Claessens provides two possible explanations of why higher prices appear to be associated only with majority ownership by a single investor: * The corporate legal framework and the difficulty in collecting proxy votes in the Czech and Slovak Republics may prevent a small investor from making the necessary changes in the way firms are managed, thus keeping prices low. * Commercial banks are both managers of investment funds and creditors of individual firms. Funds managers may face conflicts of interest and not be interested in increasing the value of equity alone but also the value of credits. This could explain why prices are relatively lower for those firms in which investment funds have effective control. This paper -- a product of the Private Sector and Finance Team, Technical Department, Europe and Central Asia, and Middle East and North Africa Regions -- is part of a larger effort in the Bank to study corporate governance in transition economies.
