The analysis applies each method to the disinvesting portfolio over varying event periods in order to determine the magnitude and significance, if any, of the excess or abnormal returns arising from the announcement of disinvestment from South Africa.
See the previous discussion on the benefits of using the ordinary cross-sectional test statistic rather than the conventional t-statistic for this type of analysis.) The evidence indicates returns significantly greater than the mean return of the portfolio over the comparison period when announcement of disinvestment from South Africa occurs.
Commerce and Industry Minister Anand Sharma said that part of the disinvestment
in both the cases would be offered to the employees of the two public sector companies.
(2,5) Institutions such as the National Institute for Health and Care Excellence in the United Kingdom have published "Do not do" lists of medical procedures that have little or no evidence of effectiveness in an attempt to drive disinvestment
. (6) However, the impact of this approach has been openly questioned given the poor uptake of recommendations from these campaigns.
While BRPSE is officially shelved and the Department of Disinvestment
, now renamed as Department of Investment and Public Asset Management (DIPAM), is about to shoulder that role, BIFR is expected to become redundant after the provisions of the new Bankruptcy Act, passed by the Parliament early this year, get implemented.
The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has given its approval for disinvestment
of 10 per cent paid- up equity of Housing and Urban Development Corporation ( HUDCO), an official statement said.
Historically, majority disinvestments
have been typically made to strategic partners.
The company was facing financial crunch and Patel had forwarded the disinvestment
proposal to the cabinet.
Summary: After several deaths and rebirths, disinvestment
is back as a big-ticket reform.
The most important of these is Arun Shourie, the minister for disinvestment
, as privatization is known in India.
In order to attract more investors, Balachander suggests that the government should give a discount of 5-10 per cent to retail investors in the disinvestment