, and are initially not fully credible. We argue that sustained privatization and liberalization programmes represent a … major test of political commitment to safer private property rights. We investigate whether successful privatization has a … privatization gradually leads to increased confidence. Moreover, increased confidence has a strong effect on local market …

This paper investigates whether privatization in emerging economies has a significant indirect effect on local stock … market development through the resolution of political risk. We argue that a sustained privatization program represents a … regulatory and private property rights. We present evidence suggesting that progress in privatization is indeed correlated with …

, and are initially not fully credible. We argue that sustained privatization and liberalization programmes represent a … major test of political commitment to safer private property rights. We investigate whether successful privatization has a … privatization gradually leads to increased confidence. Moreover, increased confidence has a strong effect on local market …

This paper investigates whether privatization in emerging economies has a significant indirect effect on local stock … market development through the resolution of political risk. We argue that a sustained privatization program represents a … regulatory and private property rights. We present evidence suggesting that progress in privatization is indeed correlated with …

This paper investigates whether privatization in emerging economies has a significant indirect effect on local stock … market development through the resolution of political risk. We argue that a sustained privatization program represents a … regulatory and private property rights. We present evidence suggesting that progress in privatization is indeed correlated with …

, irrespective of their level of development or the political affiliation of their government. Privatization is believed to improve … reduce public sector borrowing. In fact, privatization can be interpreted as an alternative form of public financing, a sort … resources rather than contributed earnings, particularly in the Third World. We document strong regularities in privatization …