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A Financial Agency Analysis of Privatization: Managerial Incentives and Financial Contracting - Hardcover

Walker, John S.; Vasconcellos, Geraldo M.

 
9780934223447: A Financial Agency Analysis of Privatization: Managerial Incentives and Financial Contracting

Synopsis

This monograph analyzes two important questions that emerge during the privatization of a state-owned enterprise: who should the chief executive officer be and what financial contract should be offered. The authors argue that the resolution of the chief officer selection and financial contracting problems can accelerate any efficiency gains realized by the enterprise.

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