Publication:
Recent Trends in Bank Privatization

Simple item page
dc.contributor.authorBertay, Ata Can
dc.contributor.authorCalice, Pietro
dc.contributor.authorDiaz Kalan, Federico Alfonso
dc.contributor.authorMasetti, Oliver
dc.date.accessioned2020-07-16T16:30:25Z
dc.date.available2020-07-16T16:30:25Z
dc.date.issued2020-07
dc.description.abstractThis paper revisits trends in bank privatization and analyzes their economic impact over the past 25 years. Building on a novel data set of privatization events for 70 developed and developing countries, it shows that bank privatization became more frequent since the Global Financial Crisis, especially in emerging markets such as China and India, but also smaller in that the fraction of a bank's ownership relinquished during privatization events declined. The majority of privatizations happened via public sales in domestic capital markets. The banks that were chosen to be privatized tended to underperform their peers and had weaker asset quality pre-privatization, but the empirical evidence on banks' post-privatization performance is mixed. The paper finds that privatized banks turn toward more traditional banking models and increase credit extension with no apparent negative distributional implications. However, the analysis does not reveal significant differences in bank profitability post-privatization, although differences exist between developed and developing countries. Notably, banks that have been recapitalized prior to privatization perform significantly better afterward privatization.en
dc.identifierhttp://documents.worldbank.org/curated/en/347911594666821081/Recent-Trends-in-Bank-Privatization
dc.identifier.doi10.1596/1813-9450-9318
dc.identifier.urihttps://hdl.handle.net/10986/34127
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9318
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectPRIVATIZATION
dc.subjectSTATE-OWNED BANKS
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectPUBLIC ECONOMICS
dc.subjectDECENTRALIZATION
dc.subjectFINANCIAL CRISIS
dc.subjectBANK PROFITABILITY
dc.subjectEMERGING MARKET ECONOMIES
dc.titleRecent Trends in Bank Privatizationen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleRecent Trends in Bank Privatization
okr.date.disclosure2020-07-13
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/347911594666821081/Recent-Trends-in-Bank-Privatization
okr.guid347911594666821081
okr.identifier.doi10.1596/1813-9450-9318
okr.identifier.externaldocumentum090224b087b92ad0_1_0
okr.identifier.internaldocumentum32239262
okr.identifier.reportWPS9318
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/347911594666821081/pdf/Recent-Trends-in-Bank-Privatization.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.administrativeSouth Asia
okr.region.countryChina
okr.region.countryIndia
okr.statistics.combined3952
okr.statistics.dr347911594666821081
okr.statistics.drstats1491
okr.topicPublic Sector Development::State Owned Enterprise Reform
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Finance and Development
okr.unitFinance, Competitiveness and Innovation Global Practice
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Recent-Trends-in-Bank-Privatization.pdf
Size:
1.64 MB
Format:
Adobe Portable Document Format
Description:
English PDF
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Policy Research Working Papers