The value-added of investment bankers in privatizations |
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| Institution: | 1. College of Business and Public Management, Wenzhou-Kean University, Wenzhou, China;2. Department of Business Studies, Namal University, Mianwali, Pakistan;3. University of Akron, USA;1. School of Marxism, Shantou University, China;2. Business School, Shantou University, China;3. Crawford School of Public Policy, Australian National University, Australia |
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| Abstract: | Investment bankers are important advisors both to vendors and acquirers in privatization transactions. Their utility is derived from a thorough understanding of the process of privatization and from their objectivity in assessing and valuing an enterprise. While the international profile and large size of most privatizations are seemingly attractive, predictable pitfalls can be expected. Gallo's “ten rules of thumb” provide wise counsel to investment banks currently in or contemplating entry into the market for privatization services. |
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