Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/118028
Authors: 
Chiesa, Gabriella
Nicodano, Giovanna
Year of Publication: 
2003
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 1.2003
Abstract: 
Stock market capitalization in developed countries grew while massive privatization plans were in progress. It is however possible that stock market development would have occurred anyway. Below we identify features that are specific to share-issue privatizations (SIPs) and should a priori impact on market liquidity and market size. A positive correlation between such features and market development in a cross section of countries would support the claim that certain types of SIPs contribute to stock market development.
Subjects: 
Privatization
Financial market development
JEL: 
L33
G14
Document Type: 
Working Paper

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