... than private firms. Efficiency is very low, but did improve over time across all sectors and types of firms particularly before the 1997‐1998 and in recent years. Efficiency is mostly achieved through technology adoption (technological change) accounts for most efficiency gains. Research limitations...

.... The Commonwealth Bank, which was sold in three stages, starting in 1991 and ending in 1996 when the state sold its remaining ownership, was one of the largest privatisations. Qantas, Australia's national air carrier, was privatised in two stages. The first stage was the private sale of 25 per cent to British...

...Don U.A. Galagedera; Suren Peter Purpose The purpose of this paper is to investigate returns of initial public offerings (IPOs) in an emerging market and differences in the returns of privatized and non‐privatized offerings. Design/methodology/approach Market‐adjusted return is computed...

... economies. Privatization alone, although necessary, is not enough to spur economic growth. The establishment of sound institutions and well‐defined regulatory policies are needed to protect investors’ rights and entice them to invest in real and financial assets in the MENA region. Originality/value...

... process that favors retail investors to the disadvantage of institutional investors. © Emerald Group Publishing Limited 2004 Volume 30 Number 1 2004 63 Long-Run Performance of Privatized Government Monopolies: Australian Experience. by Adam Steen, Mt. Eliza Business School, Melbourne, Australia...

... and the Treasury to deal with the restructuring of enterprises to be privatized. Outlines the financial market environment in Poland and the NIFs’ role within it; and discusses the CG issues arising from the relationships between the NIFs and the supervisory boards. Recognizes the problems involved but doubts...