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Privatisation reforms can create political corporations

Gonzalez, Felipe, Prem, Mounu and Urzúa, Francisco (2021) Privatisation reforms can create political corporations. LSE Business Review (28 Oct 2021). Blog Entry.

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Abstract

The sale of state-owned firms can help political corporations to emerge and persist over time. Felipe González, Mounu Prem, and Francisco Urzúa show that the Pinochet dictatorship sold many firms to politically connected buyers at a price below market value. These newly private firms benefited financially from the dictatorship and, once democracy arrived, they formed connections with the new democratic government, financed political campaigns, and many appeared in the Panama Papers.

Item Type: Online resource (Blog Entry)
Official URL: https://blogs.lse.ac.uk/businessreview/
Additional Information: © 2021 The Authors
Divisions: LSE
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Date Deposited: 26 Nov 2021 14:36
Last Modified: 26 Nov 2021 14:36
URI: http://eprints.lse.ac.uk/id/eprint/112625

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