. A reading of the process of privatization through the corporate governance theory resulted in working out a model making … it possible to take into account, on the one hand, the time dimension of the process of privatization, on the other hand … traditionally to privatizations is not truly confirmed for French privatizations, at least on the horizon considered. Privatization …

We use new firm-level data to examine the effects of firm divestitures and privatization on corporate performance in a … rapidly emerging market economy. Unlike the existing literature, we control for accompanying ownership changes and the fact …'s profitability but do not alter its scale of operations, while the effect of privatization depends on the resulting ownership …

We use new firm-level data to examine the effects of spinoffs and privatization on corporate performance in a rapidly … control for accompanying ownership changes and the fact that spinoffs and ownership are endogenous variables. We find that … spinoffs increase the firm’s profitability but do not alter its scale of operations, while the effect of privatization …