Italy’s Privatization Process and Its Implications for China
AbstractThis report provides an overview of the causes and consequences of the Italian State-owned Enterprises (SOE) reform process. Particularly, it analyzes the symbiotic link between share issue privatization (SIP), i.e. privatization in public equity markets, and financial market development, and shows how the sustained policy of sales has jumpstarted the Italian domestic stock market. Based on the Italian and international experience, the report provides some possible guidelines and policy recommendations in order to achieve the same goal in the People’s Republic of China (PRC).
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Bibliographic InfoPaper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2005.118.
Date of creation: Sep 2005
Date of revision:
State-owned enterprises; Share issue privatization; Financial development; Italy; China;
Find related papers by JEL classification:
- L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
- L30 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - General
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-12-09 (All new papers)
- NEP-CNA-2005-12-09 (China)
- NEP-DEV-2005-12-09 (Development)
- NEP-FIN-2005-12-09 (Finance)
- NEP-SEA-2005-12-09 (South East Asia)
- NEP-TRA-2005-12-09 (Transition Economics)
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