Download or read book Privatization and Capital Market Development written by Michael McLindon and published by Praeger. This book was released on 1996-09-24 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Privatization and capital markets support and reinforce each other to promote economic growth around the world. This work is intended to fill a gap in the literature by discussing the links between privatization and capital markets, and to provide useful insights for policy makers in developing countries and in the international donor agencies, for academics and practitioners dealing with economic development, and for the internationally minded private sector around the world. Privatization, in its various forms, and the development of capital markets will be a primary catalyst for economic growth and development well into the next century.
Download or read book Privatization and Capital Market Development written by Ismail Muhd. Salleh and published by . This book was released on 1990 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital Market Development and Privatization written by Ardo Hillar Hansson and published by . This book was released on 1990 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Privatization and Capital Market Development in the Middle East and North Africa written by Fadi Omran Zabad and published by . This book was released on 2003 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Privatization written by David J. Donaldson and published by World Bank Publications. This book was released on 1995-01-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines key aspects of labor market conditions as they are affected by the economic reforms that are integrating Latin American and Caribbean economies with world markets. Also available: Portuguese edition (ISBN 0-8213-3502-2) Stock No. 13502; Spanish edition (ISBN 0-8213-3501-4) Stock No. 13501.
Download or read book Between State and Market written by Ira W. Lieberman and published by World Bank Publications. This book was released on 1997-01-01 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: IFC Discussion Paper No. 32. Over the years, demand for education at all levels in Kenya has greatly outpaced supply, a gap that has been reduced by private schools catering to the needs of a wide range of socioeconomic groups. This gap will widen further unless the private sectors role is expanded, but private educational institutions face a number of serious constraints, primarily stemming from lack of adequate finance and, in many cases, limited management skills. This paper reviews the market and its constraints and focuses on conditions under which private financial institutions and the International Finance Corporation might play a useful role in the sector. Annexes include 1996 operating costs of Kenya's academic, technical, and vocational schools.
Download or read book Company Management and Capital Market Development in the Transition written by Marvin R. Jackson and published by . This book was released on 1994 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text discusses the development of company management and capital markets in the rapidly changing Central and Eastern Europe. It covers topics such as different privatization methods in different countries, and financial structure, performance and the banks of these countries.
Download or read book The Impact of Privatization on Capital Market Development and Individual Share Ownership written by Professor Muhammad Tanko and published by . This book was released on 2006 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, an attempt has been made to estimate the impact of share issue privatizations on the growth of the Nigerian capital market (especially stock markets), and to examine the effect privatization has had on the pattern of share ownership by individuals and institutional investors. Privatization broadens and deepens the capital market resulting from increased listings and market size, improved liquidity and regulatory infrastructure, improved awareness and enlarged investor base. Privatization has also provided opportunity for risk diversification, enhanced professionalism and increased government attention. The implementation of the first and second round privatization has resulted in a tremendous boost to the total equity market capitalization, number of listed equities and the all-share price index. Besides, the market capitalization, profit before tax and cash dividend of most of the affected enterprises had improved considerably as these companies offered over 1.3 billion shares for sale to the public and were purchased by over 800,000 shareholders, many of whom were first timers in the market.Although the capital market has been beneficial to the privatized companies, it is important to note that the companies themselves have not fared much better. High transaction (or floatation) costs make it expensive to raise money from the market and the shallowness of the market limits the amount of money that can be raised there, even by companies with the best financial records. Price volatility and the existence of a large informal market in quoted securities cast a pall on the efficiency of the capital market as a framework for resource allocation and mobilization. In spite of the identified shortcomings, the privatization program has enhanced the development of the Nigerian capital market.
Download or read book The Financial Economics of Privatization written by William L. Megginson and published by Oxford University Press. This book was released on 2005-01-13 with total page 533 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1981, over 100 governments around the world have raised over $1 trillion through the sale of SOEs to private investors. Privatization programs have transformed the role of the state in virtually all-major economies, and have massively increased the capitalization and liquidity of all non-U.S. stock markets. The focus of this book lies on where privatization stands today and what are the next frontiers, the why and how behind countries who privatize certain industries, whether privatization works as an economic tool and important insights relevant to financial institutions such as how to value privatized industries, how share offerings differ from private offerings, and how countries go about harnessing private capital. The book will also represent a key and unique source for information related to the details of asset sales privatization, a summary of statistics of privatized companies from 54 international stock exchanges, regulatory changes and sources for privatization information for investors, government officials, bankers and financial specialists. The volume will serve as an invaluable reference for professionals and as a core or supplementary text in privatization courses.
Download or read book Privatization and Capital Market Development in Jamaica written by Marie Freckleton and published by . This book was released on with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of Privatisation on Capital Market Development and Individual Share Ownership written by William L. Megginson and published by . This book was released on 2000 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Privatization and Development written by Steve H. Hanke and published by ICS Press. This book was released on 1987 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chiefly papers originally presented at a conference held in Washington, D.C., February 1986, sponsored by the U.S. Agency for International Development and the Sequoia Institute.
Download or read book Privatization and the Rebirth of Capital Markets in Hungary written by C. Edward Fletcher and published by . This book was released on 1995 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Republic of Hungary has emerged as the leader in capital market reforms among former Soviet Bloc countries. Since 1982 the country has made significant strides towards the privatization of its economy and the implementation of market regulations, serving as a model for other formerly socialist countries. The progress and mistakes of the Hungarian movement towards capitalism are studied here as a model for reforms in other countries in Eastern Europe. Particular emphasis is placed on the legal and regulatory structures that have been established to facilitate the transition. Banking reforms, development of the Budapest Stock Exchange, stabilization of the forint, and many other interrelated reforms that are an integral part of Hungary's capital market infrastructure are also examined.
Download or read book The Challenges of Privatization written by Bernardo Bortolotti and published by Oxford University Press, USA. This book was released on 2004-03-11 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: From 1997 to 2001, more than 4,000 privatization operations have been carried out in more than 100 countries, bringing in government revenues of over 1,362 billion dollars. The phenomenon, which grew exponentially at the end of the 1990s and then abruptly slowed down, had dramatic consequences on the performance of state-owned enterprises and a significant impact on industrialized countries, as well as emerging and less developed economies. Yet there have been surprisingly fewattempts to provide a systematic empirical account of the privatization process at the worldwide level.Why do governments privatize? Why do some countries accomplish large-scale privatization programmes, and others never privatize at all? Is privatization a trend or a cycle? Furthermore, how do governments privatize? Do governments really transfer ownership and control of state-owned enterprises or does private ownership tend to coexist with public control?This book provides some answers to these important questions trying to test research hypotheses set forth by the recent economic theory of privatization.Comprehensive cross-country empirical analyses carried out over a period of more than twenty years are used in the book to show that privatization has taken place all over the world, sometimes spontaneously, more often under the pressure of economic and budgetary constraints. Several of the goals of the privatization have been met, but despite proclamations and programmes, only a small minority of countries has carried out a genuine privatization process, completely transferring ownership ofstate-owned enterprises to the private sector. A lack of political will is to some extent at the root of this reluctance. However this reluctance can be traced back partly to structural factors that would make an orderly privatization difficult, such as the absence of developed capital markets,appropriate regulation, and suitable institutions.
Download or read book Privatization and Emerging Equity Markets written by Ira W. Lieberman and published by World Bank Publications. This book was released on 1998-01-01 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: The text provides an overview of privatization and emerging equity markets describes the role of privatization providing critical mass for new stock markets and examines investment opportunities that deepen existing stock markets.
Download or read book The Development of Equity Capital Markets in Transition Economies written by Dirk Willer and published by Physica. This book was released on 2012-03-14 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses two different but related topics that can arise during the development of equity capital markets and which could possibly hinder their development: partial privatisation and shareholder rights. Both issues are developed in the context of transition economies in general and Russia in particular. Chapter 2 puts forward a theory of partial privatisation, i. e. a model that aims to explain why the state keeps some residual shares. Several recent surveys for Russia have shown that the state does often not actively use the voting rights of its residual shares. If this was true, partial privati sation could entrench management and hinder restructuring. It would also limit the supply of shares, which could lead to low liquidity. This would be likely to slow down the development of the equity capital market. However, the model in chapter 2 shows that it can be rational to hold back shares from sale in order to maximise privatisation receipts. Another issue which holds back the development of this market is the fact that shareholder rights can not be guaranteed by the state due to weak institutions. Chapter 3 contains an empirical examination of which firms honour shareholder rights and also provides a direct link between this problem and partial privatisation. Maybe surprisingly, some weak evidence is presented that shows that the residual state holding does not exert a negative influence with respect to the introduc tion of shareholder rights, but might even be a weak positive force.
Download or read book Privatization and Market Development written by Graeme A. Hodge and published by Edward Elgar Publishing. This book was released on 2006 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traces how privatisation concepts have grown in application, and how they have spread to become a central policy idea for governments. Aspires to bridge the divide between developed and developing economies. G Hodge, Monash University, Australia.
