In this paper, we study the effect of share issue privatization (SIP) on private investment and financial market under … incomplete risk diversification. Risk neutrality and imperfect intertemporal substitutability make investment decreasing in … privatization (crowding-out effect). Vice-versa with risk aversion and perfect intertemporal substitutability (diversification …

has the opportunity to make a reorganisational investment, before output is produced. This investment is unobservable by …

This paper examines the investment and financial decisions of a sample of 92 EU regulated utilities, taking into … independence matters for both investment and financial decisions. Investment increases under an Independent Regulatory Agency (IRA … privately controlled. Finally political orientation does matter, as firm investment increases under more conservative (pro …

the privatization. The two key mechanisms explaining the results are: (i) a government owner keeping control takes into … account the negative effect on employment of investment and (ii) a privatizing government has a stronger incentive to invest …

In this paper, we study the effect of share issue privatization (SIP) on private investment and financial market under … incomplete risk diversification. Risk neutrality and imperfect intertemporal substitutability make investment decreasing in … privatization (crowding-out effect). Vice-versa with risk aversion and perfect intertemporal substitutability (diversification …

In this paper we study how privatization and deregulation of production of intermediate goods influence capital … are mostly due to increased competition on the deregulated market and that the privatization of state enterprises is not …, the model predicts that for high enough levels of public investment, a public monopoly would be preferred to a private …

, which is that even though global financial markets appear to be integrated, levels of saving and investment are correlated …