Jump to ContentJump to Main Navigation
The Financial Economics of Privatization$
Users without a subscription are not able to see the full content.

William Leon Megginson

Print publication date: 2005

Print ISBN-13: 9780195150629

Published to Oxford Scholarship Online: October 2005

DOI: 10.1093/0195150627.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 21 September 2019

The Structure and Investment Performance of Privatization Share Offerings

The Structure and Investment Performance of Privatization Share Offerings

Chapter:
(p.203) 6 The Structure and Investment Performance of Privatization Share Offerings
Source:
The Financial Economics of Privatization
Author(s):

William Leon Megginson (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0195150627.003.0006

This chapter examines the structure and investment performance of share issue privatizations (SIPs). SIPs differ from private-sector share issues in almost all respects, except that both use the same financial instrument. SIPs were the first truly large share offerings of any type in most countries, so privatizations effectively inaugurated those nations’ investment banking industries. Even in the handful of countries (Britain, Japan, Canada, the United States, and a few continental European countries) where significant share offerings were already established, SIPs transformed the size and efficiency of both that country’s investment banking industry and its stock market.

Keywords:   share issue privatization, SIP, share offering, investment performance, investment banking industry

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .