Privatisation: The Financial Implications

In search of funds, governments at both State and Federal level are sifting through their public enterprises, seeking potential candidates for privatisation. How can a government make the most of its privatisation effort? How can it ensure the best price for the existing owners, i.e. taxpayers? What impact will further privatisation of government business enterprises and public authorities have on the stock market and on the semi-government bond market?These and other financial aspects of privatisation are examined in this important new book. A group of Australia's leading experts examines a complex topic from many different angles: from the effect of huge privatisation ventures on the macro-economy such as the partial privatisation of the Commonwealth Bank, to the effects on the enterprises themselves; from the impact of, and on, a Federal system to the New Zealand experience. This volume will be essential reading for all economic specialists and practitioners in the field.