Privatization and Corporate Governance in Brazil
نویسنده
چکیده
The reform of state-owned enterprises (SOEs) has become an integral part of most macroeconomic stabilisation programmes implemented worldwide in recent years. The main instruments used to reform these enterprises have been divestiture and workforce downsizing. In Latin America, in particular, the pursuit of fiscal consolidation has added another important dimension to public enterprise reform. Nevertheless, one aspect of SOE reform which is still needs closer scrutiny by policy makers and practitioners is the impact of divestiture on corporate governance.
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