A Financial-agency Analysis of Privatization

Managerial Incentives and Financial Contracting

• Author(s): John S. Walker, Geraldo M. Vasconcellos,
• Publisher: Lehigh University Press
• Pages: 264
• ISBN_10: 0934223440
  ISBN_13: 9780934223447
  
• Language: en
• Categories: Business & Economics / Investments & Securities / Stocks , Business & Economics / Leadership , Business & Economics / Government & Business ,

Description:... This monograph analyzes two important questions that emerge during the privatization of a state-owned enterprise: who should the chief executive officer be and what financial contract should be offered. The authors argue that the resolution of the chief officer selection and financial contracting problems can accelerate any efficiency gains realized by the enterprise.