The Norwegian Experience: the Case of Den Norske Bank
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This chapter presents an empirical analysis of the privatisation process of the most important Norwegian commercial bank, Den Norske Bank It started in 1994 and is still under way. Without doubt, this process is one of the state sell-off operations which is most representative of the Norwegian financial scene. It is interesting to note that the nationalisation of banks traditionally in private hands- as is the case with commercial banks — were aimed at bailing them out and were not due to a new political “attitude” for bringing this sector under state control. This supports the idea that privatisation is a natural conclusion to the process of restructuring.
KeywordsInstitutional Investor Institutional Quality Saving Bank Share Capital Dividend Policy
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