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Is debt replacing equity in regulated privatized infrastructure in developing countries?

The main purpose of this paper is to describe the evolution of the financing structure of regulated privatized utilities and transport companies. To do so, the authors rely on a sample of 121 utilities distributed over 16 countries, and 23 transport infrastructure operators and 23 transport services operators distributed over 23 countries. They show that leverage rates vary significantly across sectors, with the highest rates observed in transport and the lowest in water.

Link http://www-wds.worldbank.…64258546&theSitePK=523679
Author da Silva, L., Estache, A., Jarvela, S.
Date 01-Aug-2004
Institute World Bank
Tags debt, equity, privatization, infrastructure, developing

See also

  1. Optimal Debt Contracts in Emerging Markets with Multiple Investors
  2. Infrastructure services in developing countries : access, quality, costs and policy reform
  3. Infrastructure and public utilities privatization in developing countries
  4. Infrastructure services in developing countries : access, quality, costs and policy reform
  5. An assessment of telecommunicatiAn assessment of telecommunications reform in developing countriesons reform in developing countries

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