This article reviews the state of thinking on the governance role of public ownership and control. Optimal governance systems depend on the path of institutional development. Nevertheless, the transfer of operational control over productive assets to the private sector often yields a desirable...

This article reviews the state of thinking on the governance role of public ownership and control. Optimal governance systems depend on the path of institutional development.Nevertheless, the transfer of operational control over productive assets to the private sector often yields a desirable...

The study described in this Note compared the pre- and post-privatization performance of 61 companies in 18 countries and 32 industries. These companies were sold to the public through a share issue and thus their comparable pre- and post-issue financial and accounting data could be obtained...