Arbeitspapier
Partial privatization and firm performance
Most privatization programs begin with a period of partial privatization in which only non-controlling shares of firms are sold on the stock market. Since management control is not transferred to private owners it is widely contended that partial privatization has little impact on firm behavior. This perspective ignores the role that the stock market can play in monitoring and rewarding managerial performance even when the government remains the controlling owner. Using data on the population of Indian state-owned enterprises we find that partial privatization has a positive and highly significant impact on firm sales, profits, and labor productivity.
- Language
-
Englisch
- Bibliographic citation
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Series: Nota di Lavoro ; No. 110.2002
- Classification
-
Wirtschaft
- Subject
-
Privatisierung
Unternehmenserfolg
Öffentliches Unternehmen
Indien
- Event
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Geistige Schöpfung
- (who)
-
Gupta, Nandini
- Event
-
Veröffentlichung
- (who)
-
Fondazione Eni Enrico Mattei (FEEM)
- (where)
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Milano
- (when)
-
2002
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Gupta, Nandini
- Fondazione Eni Enrico Mattei (FEEM)
Time of origin
- 2002
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