Evaluation of mass privatization in Bulgaria/ created by Jeffrey B. Miller and Vladimir Lazarov

By:

Miller, Jeffrey [author]

Contributor(s):

Lazarov, Vladimir [author]

Material type: Text

TextSeries: Comparative economic studies ; Volume 53, number 4Bangstoke: Palgrave Macmillan, 2011Content type:

text

Media type:

unmediated

Carrier type:

volume

ISSN:

08887233

Subject(s):

Privatization -- 1996-2003 -- Bulgaria

LOC classification:

HB90 COM

Online resources:

Click here to access online

Abstract: The mass privatization (MP) program in Bulgaria was implemented in 1996–1997. Following programs in countries like the Czech Republic, more sophisticated regulatory bodies were put into place to prevent the kind of abuses observed elsewhere. This study finds that Bulgaria avoided some of the extreme problems that manifested themselves in these other countries, but there were still serious problems of dilution of shareholder value. We find that dilution in Bulgaria is similar in both MP firms and non-MP firms. After a number of years have passed, MP firms have performed better than firms privatized by other means or firms that were never privatized.

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Holdings
Item type	Current library	Call number	Vol info	Copy number	Status	Notes	Date due	Barcode
Journal Article	Main Library - Special Collections	HB90 COM (Browse shelf(Opens below))	Vol. 53, no.4 (pages 621-646)	SP11432	Not for loan	For In House Use Only

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The mass privatization (MP) program in Bulgaria was implemented in 1996–1997. Following programs in countries like the Czech Republic, more sophisticated regulatory bodies were put into place to prevent the kind of abuses observed elsewhere. This study finds that Bulgaria avoided some of the extreme problems that manifested themselves in these other countries, but there were still serious problems of dilution of shareholder value. We find that dilution in Bulgaria is similar in both MP firms and non-MP firms. After a number of years have passed, MP firms have performed better than firms privatized by other means or firms that were never privatized.

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