9781332284559 - A Theory of Partial Sales and Underpricing in Privatizations: April 1991 (Classic Reprint) de Branco, Fernando (3 resultados)

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condición: New. Print on Demand. This book offers a fresh perspective on the complexities of privatization, blending insights from economics, finance, and political science. The author delves into the puzzling phenomenon of gradual privatization and share underpricing, arguing that these strategies are not mere happenstance but rather calculated signaling devices employed by governments. By analyzing a series of case studies and constructing a theoretical framework, the author demonstrates how governments use gradual sales and underpriced shares to convey their commitment to non-interference in privatized industries. Crucially, the book highlights the challenges governments face in conveying their intentions to the market, given the inherent information asymmetries and credibility issues. The author concludes that understanding these signaling strategies is essential for navigating the intricacies of privatization and assessing its long-term impact on economic growth and development. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.