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| Type | Master's Thesis |
| Scope | Discipline-based scholarship |
| Title | Privatizations via M&A path to wealth creation: Case of Greece |
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| Institution | University of Zurich |
| Faculty | Faculty of Business, Economics and Informatics |
| Number of Pages | 34 |
| Date | 2016 |
| Abstract Text | Until now, there has been extensive research on the phenomenon of mergers and acquisitions and towards their financial performance ex-ante and ex-post their completion. Although privatizations have an important impact on economy, the case of the peculiar Greek privatizations has never been the core of analysis. In fact, the Greek context presents an ideal environment, as an important number of privatizations through M&A took place recently. The whole banking sector was reshaped (Eichengreen & Gibson, 2001; Mylonidis & Kelnikola, 2005) and specific privatizations were part of the recent Greek bailout deal (Papadopoulos, 2015). Moreover, Greek publicly held companies suffer from mismanagement (Christopoulos, Lolos, & Tsionas, 2002). Evidently, European policies following the incorporation of Greece in the Economic and Monetary Union (EMU) (in 2001) pressured for liberalization of goods, services and labor markets, and encouraged privatizations in certain sensitive and monopolistic sectors (Dyson, 2000). |
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