The Privatization Origins of Political Corporations: Evidence from the Pinochet Regime

We show that the sale of state-owned firms in dictatorships can help political corporations to emerge and persist over time. Using new data, we characterize Pinochet's privatizations in Chile and find that some firms were sold underpriced to politically connected buyers. These newly private fir...

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Detalles Bibliográficos
Autores Principales: González F., Prem M., Urzúa I F.
Formato: Artículo (Article)
Lenguaje:Inglés (English)
Publicado: Cambridge University Press 2020
Acceso en línea: