Does disinvestment affect stock prices? An event study approach on the Indian public sector stocks (Record no. 533019)
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| 000 -LEADER | |
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| fixed length control field | 01998nam a22001457a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 260413b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Tripathi, Shrabana and Singh, Bhanu Pratap |
| 245 ## - TITLE STATEMENT | |
| Title | Does disinvestment affect stock prices? An event study approach on the Indian public sector stocks |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | Journal of Social and Economic Development |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 27(2), Aug, 2025: p.408-421 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | The impact of privatization on the performance of firms is widely debated in the economic literature. Under the philosophy of a New Political Economy, structural reforms in the form of liberalization and privatization started in 1991 in the Indian economy. This led to the disinvestment of a large number of central and state public sector enterprises. However, due to limited studies and mixed findings, the effect of disinvestment on the performance of public sector firms is inconclusive in the Indian market. The major aim of the present study is to revisit India’s disinvestment policy and examine the market response to disinvestment events in the utility sector under the improved business environment in the past decade. The study employs an event study technique on a sample of ten leading utility sector firms. The NIFTY-50 and NIFTY-CPSE indices are used to calculate market returns. The results imply that even better institutions fail to moderate partial privatization, and successive partial privatization is insufficient to bring efficiency and change management practices. It is because successive disinvestment keeps the fundamental ownership and management ethos the same. The findings warrant regulators addressing firm moderating factors in “window dressing” before going public for better privatization outcomes.-Reproduced https://link.springer.com/article/10.1007/s40847-024-00350-8 |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Disinvestment, Utility sector, Stock price, Event study, India |
| 9 (RLIN) | 60073 |
| 773 ## - HOST ITEM ENTRY | |
| Main entry heading | Journal of Social and Economic Development |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Item type | Articles |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Permanent location | Current location | Date acquired | Serial Enumeration / chronology | Barcode | Date last seen | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Indian Institute of Public Administration | Indian Institute of Public Administration | 2026-04-13 | 27(2), Aug, 2025: p.408-421 | AR138531 | 2026-04-13 | Articles |