Privatization and Corporate Governance : Principles, Evidence, and Future Challenges

Unless developing countries embrace a corporate governance perspective, privatization is unlikely to provide the benefits of improved performance with accountability. This article introduces the concept of governance chains that can constrain the g...

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Bibliographic Details
Main Author:	Dyck, Alexander
Format:	Journal Article
Language:	English en_US
Published:	Washington, DC: World Bank 2014
Subjects:	ACCESS TO INFORMATION ACCOUNTABILITY ACCOUNTABILITY MECHANISMS ACCOUNTING ACCOUNTING PRACTICES AGENCY PROBLEMS ASSET SALES AUCTIONS AUDITING AUTHORITY BANKING SYSTEMS BANKRUPTCY BANKRUPTCY LAWS BANKRUPTCY PROCEEDINGS BANKS BID BOARDS OF DIRECTORS BOND BROKERAGE BROKERAGE FIRMS BROKERAGE HOUSES BUSINESS ENVIRONMENT BUSINESS LICENSES CASH FLOW CIVIL LAW COMMON LAW CONFLICTS OF INTEREST CONTRACT ENFORCEMENT CONTRACT REPUDIATION CORPORATE GOVERNANCE CORPORATE LAWS CORPORATE PERFORMANCE CORRUPTION CREDIBILITY CREDIT-RATING AGENCIES CREDITORS CURRENCY CUSTOMER BASE DEBT DECISION MAKING DECISION-MAKING DECISION-MAKING POWER DEPOSITORY DEVELOPING COUNTRIES DEVELOPING ECONOMIES DISCLOSURE LAWS DIVIDEND DIVIDEND POLICIES DIVIDENDS DOMESTIC EXCHANGES DOMESTIC INVESTOR ECONOMIC POWER EFFECTIVE GOVERNANCE EMERGING MARKETS ENTREPRENEURSHIP EQUITY INVESTORS EQUITY MARKETS EQUITY RETURNS EXCHANGE COMMISSION EXTERNAL FINANCE FEDERAL GOVERNMENT FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL PERFORMANCE FINANCIAL RETURNS FINANCIAL SYSTEM FINANCIER FIRM ASSETS FLOW OF INFORMATION FOREIGN EXCHANGE FOREIGN EXCHANGES FOREIGN FIRMS FOREIGN INVESTOR FOREIGN INVESTORS FOREIGN OWNERSHIP FOREIGN STOCK FORMAL ECONOMY FORMAL INSTITUTIONS FUND MANAGERS FUTURE GROWTH FUTURE PROSPECTS GOVERNANCE MEASURES GOVERNANCE MECHANISM GOVERNANCE MECHANISMS GOVERNMENT OFFICIALS GOVERNMENT REGULATIONS GOVERNMENT SERVICES GROSS DOMESTIC PRODUCT GROWTH RATES HEDGE FUNDS HOLDING HOME COUNTRIES HOME COUNTRY INCOME INCOMES INFORMATION DISCLOSURE INFORMATION FLOWS INSIDER TRADING INSTITUTIONAL DEVELOPMENT INSTITUTIONAL ENVIRONMENT INSTITUTIONAL INVESTORS INSTITUTIONAL STRUCTURE INSURANCE INTERNATIONAL BANK INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL MARKETS INTERNATIONAL STANDARD INVESTING INVESTMENT OPPORTUNITIES INVESTMENT PRIVATIZATION INVESTMENT PROJECTS INVESTOR PROTECTION INVESTOR PROTECTIONS ISSUERS OF SECURITIES JUDICIAL SYSTEM JUDICIARY JURISDICTIONS LEGAL ENVIRONMENTS LEGAL FRAMEWORKS LEGAL INSTITUTIONS LEGAL MECHANISMS LEGAL PROTECTION LEGAL PROTECTIONS LEGAL TRADITION LEGISLATION LIQUIDITY LOAN LOAN CLASSIFICATION LONG-TERM FINANCE MAJORITY SHAREHOLDERS MARKET CAPITALIZATION MARKET DEVELOPMENT MARKET PRICES MINORITY INVESTORS MINORITY SHAREHOLDERS MONETARY FUND MOTIVATIONS NATIONAL BANK OPPORTUNITY COST OUTSIDE INVESTORS OWNERSHIP STRUCTURE OWNERSHIP STRUCTURES PENALTIES PENSION PENSION FUNDS POLITICAL ECONOMY PORTFOLIOS POTENTIAL INVESTMENT PREFERENTIAL ACCESS PRIVATE CAPITAL PRIVATE CAPITAL FLOWS PRIVATE ENTITIES PRIVATE INVESTORS PRIVATE OWNERSHIP PRIVATE PARTIES PRIVATE PENSION PRIVATE SALES PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PRIVATIZATIONS PROPERTY RIGHTS PUBLIC INSTITUTIONS RATING AGENCIES REGULATORS REGULATORY AGENCIES REGULATORY AUTHORITIES REGULATORY BODIES REGULATORY INTERVENTIONS REINVESTMENT REINVESTMENT RATES REPRESENTATIVES REPUBLICS REPUTATION REPUTATIONS RESOURCE ALLOCATION RISK OF CONTRACT REPUDIATION RISK OF EXPROPRIATION RULE OF LAW SECURITIES SECURITIES EXCHANGES SECURITIES MARKETS SECURITIES REGULATOR SELF-REGULATION SEPARATION OF POWERS SHARE PRICES SHAREHOLDER SHAREHOLDER RIGHTS SHORT-TERM CAPITAL SOCIAL WELFARE SOCIALISM STATE OWNERSHIP STATE PROPERTY STATE REVENUES STOCK EXCHANGE STOCK EXCHANGES STOCK MARKETS STRATEGIC INVESTOR TAX TAX PAYMENTS TRADE CREDITS TRANSACTION TRANSACTION COSTS TRANSFER OF TITLE TRANSITION COUNTRIES TRANSITION ECONOMIES TRUSTEE VALUATION VENTURE CAPITALISTS VOTING VOUCHER PRIVATIZATION VOUCHER PRIVATIZATIONS WAGES
Online Access:	http://documents.worldbank.org/curated/en/2001/03/17580028/privatization-corporate-governance-principles-evidence-future-challenges http://hdl.handle.net/10986/17129