The Long-Run Return to Investors in Share Issue Privatizations

By W. L. Megginson, R. Nash, Jeffry M. Netter, Adam Schwartz. 2000

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The performance of privatized firms in the Czech Republic (2002, background): “…D’Souza and Megginson, 1999; Dewenter and Malatesta, 2001), the pricing and issuance of equity of privatized firms (Perotti and Guney, 1993; Perotti, 1995; Jones et al., 1999) and the returns to investors of investing in privatized firms (Megginson et al., 2000a,b; Dewenter and Malatesta, 1997).”
The Long-Run Performance of Global Equity Offerings (2000, unknown): “We are motivated to study the potential liquidity factors because of theories on multi-market trading and liquidity (Pagano (1989), Chowdhry and Nanda (1991)) and related empirical work of Domowitz et al.”
China share issue privatization: the extent of its success (2003, background): “Megginson et al. (2000) examine 158 SIPs from 33 countries during the period 1981–1997 to see the long-run performance of the share prices.”
Auditor choice in privatized firms: Empirical evidence on the role of state and foreign owners (2009, background): “Reinforcing the importance of privatization transactions to equity markets worldwide, Megginson et al. (2000) report that over 90 of the 100 largest stock offerings in history have been share-issue privatizations.”