On the Undervaluation of Privatized Companies

A. Zalewska, P. Grout

Research output: Contribution to journalArticleAcademicpeer-review

2 Citations (Scopus)

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 languageEnglish
Pages (from-to)215-220
JournalEconomics Letters
Volume86
Issue number2
DOIs
Publication statusPublished - 1 Jan 2005

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