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.
General
Imprint: |
Lap Lambert Academic Publishing
|
Country of origin: |
Germany |
Release date: |
June 2009 |
First published: |
June 2010 |
Authors: |
David Lynn
|
Dimensions: |
229 x 152 x 12mm (L x W x T) |
Format: |
Paperback - Trade
|
Pages: |
204 |
ISBN-13: |
978-3-8383-0469-4 |
Categories: |
Books >
Business & Economics >
Economics >
General
|
LSN: |
3-8383-0469-1 |
Barcode: |
9783838304694 |
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