Privatization, political risk and stock market development in emerging economies

Research, Report, Preprint OPEN
Perotti, E.C.; van Oijen, P.H.;
(1999)
  • Publisher: Unknown Publisher
  • Subject: Emerging economies; Privatization; Political risk; Stock markets | Länderrisiko | Welt | F30 | Schwellenländer | G18 | Aktienmarkt | Privatization | Kapitalmobilität | Political risk | Emerging economies | Stock markets | Privatisierung
    • jel: jel:F30 | jel:G18
      ddc: ddc:330

This paper investigates whether privatization in emerging economies has a significant indirect effect on local stock market development through the resolution of political risk. We argue that a sustained privatization program represents a major political test that gradu... View more
  • References (1)

    1988. Therefore, for all countries which privatized in 1988 or 1989 we use other sources to Sanchez, M. and R. Corona (1993), Privatization in Latin America, Inter-American Development Bank, Washington, DC.

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