Boubakri, Narjess; Cosset, Jean-Claude; Guedhami, Omrane - In: Journal of Banking & Finance 33 (2009) 2, pp. 367-379
This paper investigates the effects of privatization for a panel of 189 firms from strategic industries headquartered in 39 countries, and privatized between 1984 and 2002. Strategic firms can hardly be compared to manufacturing or competitive industries as they are generally under state...