What Factors Determine Auction Prices in Privatization?
Do the timing and type of auction affect the sale price? What kind of restructuring is worth doing before privatization? The author examines how much these and other factors affect privatization prices. The study shows that speed and competitive bi...
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| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1997/06/441455/factors-determine-auction-prices-privatization http://hdl.handle.net/10986/11582 |
| Summary: | Do the timing and type of auction affect
the sale price? What kind of restructuring is worth doing
before privatization? The author examines how much these and
other factors affect privatization prices. The study shows
that speed and competitive bidding consistently increase
sale premiums, but that many restructuring measures such as
absorbing debt and improving efficiency do not. The key
lesson for policymakers: Don't do too much --just sell. |
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