Tekijä: | Perotti, E. C. Oijen, P. van |
Otsikko: | Privatization, political risk and stock market development in emerging economies |
Lehti: | Journal of International Money and Finance
2001 : FEB, VOL. 20:1, p. 43-69 |
Asiasana: | POLITICAL RISKS PRIVATIZATION STOCK MARKETS |
Vapaa asiasana: | EMERGING ECONOMIES |
Kieli: | eng |
Tiivistelmä: | This paper investigates whether privatization in emerging economies has significant indirect effect on local stock market development through the resolution of political risk. The authors argue that a sustained privatization program represents a major political test that gradually resolves uncertainty over political commitment to a market-oriented policy as well as to regulatory and private property rights. |
SCIMA