In this study we analyze the risks and perils arising from LBO transactions, in order to consider the impact of private equity in this category of transactions. From this perspective, focusing attention on 2,450 deals occurred during the period 2002-2011, our study adds to previous literature that has investigated the post-LBO operating performance and the factors that can determine the success...

This paper describes the process of privatization of China’s Township Enterprises. Findings from a recent field survey by the authors show how far privatization has proceeded and how it has affected firm performance. The pervasiveness and impact of privatization are readily apparent. The privatization in the mid-1990s was deep and fundamental. More than 50% of local government-owned firms have ...

The present paper is a preliminary analysis of the funding, organizational culture, environmental, and innovation challenges that are currently faced by Environmental Research Infrastructures (ERI) and private enterprises working together. We contend there is a strong case for building creative collaboration models across these sectors that also require to new management tools to effectively ge...

Privatization has been the most controversial policy dominating the political agenda of many countries around the world. For instance, in the 1980s privatization were the policy choice and preferences as well as the new wave of conservative market reforms beginning in the west with the Thatcher government in the United Kingdom in 1979 and the Regan government in the United States the following ...

Different from the typical findings in the privatization literature, this study of 31 Singapore government-linked companies (GLCs) covering a period from 1975 to1998 shows no significant changes in performance upon share issue privatization. Also, there is no evidence that the GLCs are less profitable than a selected group of non-GLCs that match by size and industry. Taking a buy-andhold strate...