Privatization Industry Studies

William Leon Megginson

in The Financial Economics of Privatization

Published in print February 2005 | ISBN: 9780195150629
Published online October 2005 | e-ISBN: 9780199835768 | DOI:
 Privatization Industry Studies

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This chapter examines the privatization histories and regulatory regimes adopted for oil and companies, electric utilities, and national airlines. The first section details the history of oil and gas sales by governments, and presents estimates of the value of retained government stakes and the value of national oil companies that remain wholly state-owned. The second section provides a similar treatment of electric utility privatizations, though this section also delves much more deeply into the regulatory challenges that arise naturally when governments decide to sell off operating companies in their electric service industries. The final section describes the history of airline privatizations and assesses the current and likely future prospects for further sales of state-owned airlines.

Keywords: privatization; oil and gas companies; electric utilities; national airlines

Chapter.  16758 words. 

Subjects: Financial Markets

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