Jump to ContentJump to Main Navigation
The Challenges of PrivatizationAn International Analysis$
Users without a subscription are not able to see the full content.

Bernardo Bortolotti and Domenico Siniscalco

Print publication date: 2004

Print ISBN-13: 9780199249343

Published to Oxford Scholarship Online: April 2004

DOI: 10.1093/0199249342.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 30 November 2020

How do Governments Privatize?

How do Governments Privatize?

(p.59) 4 How do Governments Privatize?
The Challenges of Privatization


Oxford University Press

When designing a divestiture program, governments typically pursue different – and sometimes conflicting – objectives. The main goals are the following: revenue maximization, share ownership diffusion, the promotion of popular capitalism, investors’ confidence building and financial market development. This chapter tries to explain how a given method can be functional to achieve specific goals, pointing out the possible trade-offs that any choice involves. Suitable privatization design is the key to solving these difficult trade-offs.

Keywords:   credibility, cross-listings, market liquidity, popular capitalism, public offers of shares, stock market development, underpricing

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .