Privatizacion y ofertas publicas de venta en Espana: costes indirectos y directos de la privatizacion

Germà Bel

No 22, Working Papers in Economics from Universitat de Barcelona. Espai de Recerca en Economia

Abstract: This research is developed within the general framework of the study on privatization costs. Analysing the costs involved in Public Offerings (PO) of the Spanish state-owned companies allows us to set up the privatizacion financial costs in Spain. Particularly, we are able to chek out the hypothesis of underpricing in PO's of Spanish state-owned companies. On the basis of our results, we can evaluate the financial efficiency of the privatization through PO's in Spain, and suggest changes that could improve it in several ways.

JEL-codes: E62 G12 G28 L32 L33 (search for similar items in EconPapers)
Pages: 0 pages
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:bar:bedcje:199722

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