Méthodes de Privatisation des Entreprises Publiques en Afrique Sub-Saharienne: une analyse théorique

Mathurin Founanou

Revue d'économie politique, 2009, vol. 119, issue 6, 921-943

Abstract: In this article, we analyze the process of privatization of state-owned enterprises in Sub-Saharan Africa. When the possible investors are not able to finance with their own funds the acquisition of public companies, the financing by the State-seller is a method relevant taking into account the objectives and constraints of the situation in Africa. We propose a particularly method of privatization via auctions, where potentials investors submits a bid with equity shares and debt shares. In this case, the government has two objectives : maximization of revenue and maximization of the efficiency. We show that the properties of this method of privatization rest mainly on the shares debt/equity. The revenue maximization is contraditory to efficiency objectives.

Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=REDP_196_0921 (application/pdf)
http://www.cairn.info/revue-d-economie-politique-2009-6-page-921.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:repdal:redp_196_0921

Access Statistics for this article

More articles in Revue d'économie politique from Dalloz
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().