Italy’s Privatization Process and Its Implications for China

Bernardo Bortolotti ()

No 2005.118, Working Papers from Fondazione Eni Enrico Mattei

Abstract: This 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).

Keywords: State-owned enterprises; Share issue privatization; Financial development; Italy; China (search for similar items in EconPapers)
JEL-codes: G14 L30 L33 O16 (search for similar items in EconPapers)
Date: 2005-09
New Economics Papers: this item is included in nep-cna, nep-dev, nep-fin, nep-sea and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2005.118

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