On the Undervaluation of Privatized Companies

A. Zalewska; P. Grout

doi:10.1016/j.econlet.2004.08.001

On the Undervaluation of Privatized Companies

A. Zalewska, P. Grout^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › Academic › peer-review

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.

Original language	English
Pages (from-to)	215-220
Journal	Economics Letters
Volume	86
Issue number	2
DOIs	https://doi.org/10.1016/j.econlet.2004.08.001
Publication status	Published - 1 Jan 2005

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title = "On the Undervaluation of Privatized Companies",

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.",

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On the Undervaluation of Privatized Companies

Abstract

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