This report investigates the global efficacy and economic outcomes of state-owned enterprise privatization during the early 21st century. William L. Megginson, a recognized expert in privatization and corporate finance, synthesizes empirical data to evaluate how the transfer of ownership from public to private sectors impacts market efficiency, fiscal health, and corporate governance. The analysis provides a framework for understanding the structural shifts in global economies as governments sought to reduce debt and improve operational performance through divestiture.

Experts frequently cite this report as a critical reference for understanding the economic climate of the early 2000s. The text is noted for its rigorous data-driven approach, making it a standard resource for researchers and policy analysts studying the long-term effects of state divestment.