Produção Nacional
Costs and Benefits of Privatization: Evidence from Brazil
2003; RELX Group (Netherlands); Linguagem: Inglês
10.2139/ssrn.1814713
ISSN1556-5068
AutoresFrancisco Anuatti Neto, Milton Barossi-Filho, Antônio Gledson de Carvalho, Roberto Brás Matos Macedo,
Tópico(s)Global trade and economics
ResumoAlthough the Brazilian privatization program has been a sweeping endeavor involving more than 100 firms and billions of dollars, most of the studies have been published only in Brazil, and in Portuguese. This paper is the most comprehensive study to date in terms of the companies covered, and includes the most recent data. It looks at the results of privatization in Brazil for a broad range of economic variables to answer the question: Has the widespread popular discontent with the program been justified? The paper also examines the effects of privatization on aspects that affect the development of financial markets, including minority shareholder rights. It concludes with recommendations for democratizing capital ownership through public offers in which workers would be entitled to participate using public sector liabilities such as FGTS deposits.
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