Showing 1 - 10 of 119
Persistent link: https://www.econbiz.de/10005213060
Persistent link: https://www.econbiz.de/10002517009
This paper studies privatization under moral hazard and adverse selection. We show that under the presence of moral hazard, the optimal financial package of privatization consists of selling 100 per cent equity together with a subsidy on the observed cash flow. Price of the equity reflects the...
Persistent link: https://www.econbiz.de/10012741477
Persistent link: https://www.econbiz.de/10001203642
Persistent link: https://www.econbiz.de/10001102481
Persistent link: https://www.econbiz.de/10003541506
Persistent link: https://www.econbiz.de/10002128785
Persistent link: https://www.econbiz.de/10002128791
Persistent link: https://www.econbiz.de/10002128794
Persistent link: https://www.econbiz.de/10002128800