Article ID Journal Published Year Pages File Type
9549373 Economics Letters 2005 6 Pages PDF
Abstract
Privatizations are commonly associated with underpricing and undervaluation. Underpricing has received significant attention in the literature, but there is no equivalent literature that explains undervaluation. This paper provides a theoretical model of why regulated privatized assets are prone to undervaluation.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
On the undervaluation of privatized companies
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