Privatisation in developing countries: Performance and ownership effects

被引:38
作者
Boubakri, Narjess
Cosset, Jean-Claude
Guedhami, Omrane
机构
[1] Amer Univ Sharjah UAE, Sch Business & Management, Al Ain, U Arab Emirates
[2] HEC Montreal, Montreal, PQ, Canada
[3] Univ S Carolina, Columbia, SC 29208 USA
[4] Mem Univ Newfoundland, St John, NF A1C 5S7, Canada
关键词
privatisation; corporate governance; performance; developing countries;
D O I
10.1111/j.1467-7679.2008.00411.x
中图分类号
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号
0201 ; 020105 ; 03 ; 0303 ;
摘要
Over the last twenty years, privatisation, defined as the transfer of public assets (firms) from the government to private investors, has been on the reform agenda of more than 120 developing countries. The switch of ownership induces major changes in the corporate governance of firms, and in their incentives to restructure and improve efficiency and performance. This article evaluates this experience, focusing on its impact on corporate performance and governance, identifying several issues yet to be resolved.
引用
收藏
页码:275 / 308
页数:34
相关论文
共 65 条
[1]  
[Anonymous], 1990, POLITICAL EC PRIVATE
[2]  
[Anonymous], 10692 NBER
[3]  
[Anonymous], 1994, WELFARE CONSEQUENCES
[4]  
[Anonymous], EC POLICY
[5]  
[Anonymous], 2000, FISCAL MACROECONOMIC
[6]   State-owned enterprises and privatisation in Ghana [J].
Appiah-Kubi, K .
JOURNAL OF MODERN AFRICAN STUDIES, 2001, 39 (02) :197-229
[7]  
Atkinson A., 1980, LECT PUBLIC EC
[8]  
Barnett SA, 2000, WP00130 IMF
[9]   Machiavellian privatization [J].
Biais, B ;
Perotti, E .
AMERICAN ECONOMIC REVIEW, 2002, 92 (01) :240-258
[10]   Winners and losers: Assessing the distributional impact of privatization [J].
Birdsall, N ;
Nellis, J .
WORLD DEVELOPMENT, 2003, 31 (10) :1617-1633