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Privatization by Auction: Determinants of Asset Prices in Kosovo

GASHI, Petrit, HASHI, Iraj and PUGH, Geoff (2020) Privatization by Auction: Determinants of Asset Prices in Kosovo. Eastern European Economics, 58 (4). ISSN 0012-8775

5-Apr-2020_Manuscript and tables_Privatization paper_Final for EEE.pdf - AUTHOR'S ACCEPTED Version (default)
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Abstract or description

The contribution of this paper is twofold. First, we use the administrative dataset of the Privatization Agency of Kosovo between 2003 and 2018 to analyze the factors affecting privatization prices. We identify the effects of five sets of variables: features of the auction process; Privatization Agency-related variables; buyer characteristics; asset characteristics; and election-related variables. Second, beyond this econometric investigation, we explore the complexities of the privatization process in Kosovo, in particular the Kosovo-specific factors that may have influenced the prices of privatized enterprises and assets. Policy implications suggest measures to enhance the credibility of the privatization process and related institutions.

Item Type: Article
Additional Information: “This is an Accepted Manuscript of an article published by Taylor & Francis in Eastern European Economics on [date of publication], available online:[Article DOI].”
Uncontrolled Keywords: Kosovo; privatization prices; socially owned enterprises; auction
Faculty: School of Business, Leadership and Economics > Accounting, Finance and Economics
Depositing User: Geoff PUGH
Date Deposited: 11 May 2020 14:37
Last Modified: 24 Feb 2023 13:59

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