Privatization and Financial Distress in Emerging Markets

ISBN: 9783838304694

$85.56 $72.72

This book examines privatization and the relationship between macroeconomic financial distress in emerging market countries. The study was undertaken to investigate the rationales of privatization and to explain the pattern and behavior of privatization in emerging market countries (EMCs). The central hypothesis under investigation is that countries with fiscal pressures such as high debt levels, significant budget deficits, and large current account deficits, ceteris paribus, are more likely to increase their privatization activities. The study begins by providing a background on privatization and state- owned-enterprises (SOEs) in EMCs. It then reviews the theoretical literature underlying privatization and financial distress. Next it provides a comparative profile of EMCs that privatized. The empirical analysis supports the hypothesis of a positive relationship between financial distress (with an emphasis on debt as a primary driver of distress) and privatization. In particular, higher levels of debt caused financial distress which caused countries to privatize relatively more.

Title:
Privatization and Financial Distress in Emerging Markets
ISBN-10:
3838304691
ISBN-13:
9783838304694
Author:
David Lynn
Publisher:
LAP LAMBERT Academic Publishing
Published Date:
20090629
Edition:
1
Binding
Paperback / softback
Pages:
204
Language:
English
Product Dim.:
8.66 H x 5.91 W (inches)

David Lynn

Special Offers and Promotions

Our print to order bookstore saves you money. There are currently no special offers for Privatization and Financial Distress in Emerging Markets

Editorial Reviews

Thank you for selecting our online bookstore. Currently, there are no editorial book reviews for Privatization and Financial Distress in Emerging Markets

About Pubgraphics Direct

PGDirect is an online bookstore that has embraced the concept of direct to consumer selling for self-published books, softcover and hardcover books, specialty books, children's books, hard to find books, college textbooks, print on demand books and more.

Your Cart


Fatal error: Allowed memory size of 536870912 bytes exhausted (tried to allocate 589824 bytes) in /home/pgdirect/public_html/wp-includes/taxonomy.php on line 3594