Privatization and the Rise of Global Capital Markets

By Maria Boutchkova, W. Megginson. 2000

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Does Government Ownership Affect the Cost of Debt? Evidence from Privatization (2011, unknown): “Boutchkova and Megginson (2000) and Keloharju, Kniipfer, and Torstila (2008) find that privatization programs significantly in crease the number of both individual and institutional investors, leading to ex pansion of capital and, particularly, stock markets.”
Auditor choice in privatized firms: Empirical evidence on the role of state and foreign owners (2009, background): “These typically institutional investors demand high-quality financial reporting to closely monitor and discipline managers according to Boutchkova and Megginson (2000).”
Stock market efficiency: A comparative analysis of Islamic and conventional stock markets (2018, background): “Moreover, the phenomenon of emerging markets’ improved efficiency might be based on the theories proposed by Boutchkova and Megginson (2000), who documented that fast-paced GDP growth rates and privatization led to increased stock market liquidity and capital formation, which, according to the finan”
Privatization and Stock Market Liquidity (2007, unknown): “To our knowledge, the only paper addressing explicitly the relation under study is Boutchkova and Megginson (2000).”