Table of Contents

Chapter 1: The Scope of Privatization
Introduction
A Brief History of State Ownership Until 1979
The Rise of Privatization, 1979-2002
How Much Privatization Has Actually Occurred?
Summary
Suggested Readings
References
Chapter 2: Why Do Countries Privatize?
Introduction
The Theoretical Case For State Ownership of Business Enterprises
The Theoretical Case Against State Ownership of Business Enterprises
Empirical Evidence on State versus Private Ownership
Are There Effective Policy Alternatives to Privatization?
The Fiscal and Macroeconomic Impact of Privatization
Summary
Suggested Readings
References
Chapter 3: How Do Countries Privatize?
Introduction
Commercializing and Restructuring SOEs Prior to Sale
Strategic Issues in Planning for the Sale of Specific SOEs
Non-Cash Methods of Privatization: Vouchers and Mass Privatization
Privatizing SOEs Using Trade Sales
Privatizing SOEs Using Public Share Offerings
Summary
Suggested Readings
References
Chapter 4: Empirical Evidence on Privatization's Effectiveness in Non-Transition Economies
Introduction
Strategic Approach to Classifying and Assessing Tests of Privatization's Effectiveness
Empirical Studies Comparing Pre Versus Post-Privatization Performance of SIPs
Case Study, Single-Industry and Single-Country Studies: Developed Nations
Case Study, Single-Industry and Single-Country Studies: Developing Nations
Infrastructure Privatization Studies
Summary
Suggested Readings
References
Chapter 5: Empirical Evidence on Privatization in Transition Economies
Introduction
Overview: The Economic Performance of Transition Economies Since 1989
Privatization's Impact on Economic Performance in Transition Economies
Empirical Evidence on Privatization in Central and Eastern Europe (CEE)
Empirical Evidence on Privatization in Russia and the Former Soviet Republics
The Transition Outlier: Privatization's Impact on China's Economic Performance
Summary
Suggested Readings
References
Chapter 6: The Structure and Investment Performance of Privatization Share
Introduction
Characteristics of Share Issue Privatization (SIP) Offerings
Initial Returns Earned by Investors in Share Issue Privatizations
Long-Run Returns Earned by Investors in Share Issue Privatizations
Summary
Suggested Readings
References
Chapter 7: Privatization's Impact on Financial Market Development
Introduction
The Rise of Capital Market-Based Finance
Privatization's Impact on Stock and Bond Market Development
The Impact of Privatization on Individual and Institutional Share Ownership
Privatization's Impact on International Corporate Governance
What Must be Done to Develop an Effective Corporate Governance System?
Summary
Suggested Readings
References
Chapter 8: Privatization Industry Studies: Telecommunications
Introduction
Overview of the Global Telecommunications (Telecom) Industry
Regulating Privatized Telecoms
The Privatization Wave in Telecoms
The Empirical Evidence on Telecom Privatization (and Regulation)
The Future of Telecom Privatization
Suggested Readings
References
Chapter 9: Privatization Industry Studies: Commercial Banking
Introduction
Why Has State Ownership of Commercial Banks Been So Prevalent Historically?
Why Have Governments Launched Bank Privatization Programs?
The Record on Privatizing State-Owned Banks
Empirical Evidence on Banking Privatizations
The Future of Banking Privatization
Summary and Conclusions
Suggested Readings
References
Chapter 10: Privatization Industry Studies: Energy and Airlines
Introduction
Privatizing Oil and Gas Companies
Privatizing Electric Utilities
Privatizing National Airlines
Summary
Suggested Readings
References
Chapter 11: The Lessons and Future of Privatization
Introduction
Lessons Learned from a Quarter-Century of Privatization Experience
Unresolved Issues in Privatization Policy and Research
The Future of Privatization
References
Appendices

Reviews

The diversity of the topics covered and the scope of the information collected and surveyed...are truly fasinating and really thorough.
*Transnational corporations*