From State to Market: A Survey of Empirical Studies On Privatization

@article{Megginson2001FromST,
  title={From State to Market: A Survey of Empirical Studies On Privatization},
  author={William L. Megginson and Jeffry Netter},
  journal={Social Science Research Network},
  year={2001}
}
This study surveys the academic and professional literature examining the privatization of stateowned enterprises (SOEs), with a focus on empirical studies. The paper is written from the perspective of a policy-maker weighing the adoption of a national privatization program, who seeks answers to the following questions: (1) How large an impact have privatization programs actually had thus far on state involvement in different national economies?; (2) Has the decision to privatize been based on… 
THE EFFECTS OF PRIVATISATION ON COMPETITIVE EFFICIENCY
A recurring topic in the global economic debate is privatisation. We define privatisation as the government act of selling state-owned enterprises (SOEs) and assets to private owners. Governments
What Makes Privatization Work? Evidence from a Large-Scale Nationwide Survey of Chinese Firms
Based on a large-scale nationwide survey of Chinese firms, this paper conducts a systematic study of China’s privatization. Our results show that, although the government has greatly retreated from
Privatization in Development: Some Lessons from Experience
This paper briefly reviews the main theories of state versus private ownership and empirical evidence on the impact of privatization in developing countries (including transition economies). The
The Effects of Privatisation on Companies' Economic Performance: The Spanish Case
This paper provides an evaluation of the effects of privatisation on the efficiency of firms in the case of large Spanish State-Owned Enterprises that had been privatised from 1990 onward. The firms’
Partial Privatization and Performance of Privatized Soes: The Evidence from Indonesia
Using 214 observations from data collected on 15 State Owned Enterprises (SOEs) in Indonesian that have beenpartially privatized from year 1991 to 2007, the research employs Wilcoxon signed-rank test
Why do Governments Privatize
The role of township-owned enterprises in the rapid growth of the Chinese economy during reform is widely acknowledged. Beginning in the mid-1990s, however, these firms began to be privatized.
Managerial ownership and the role of privatization in transition economies: The case of China
Within transition economies, a popular tactic for revitalizing large and inefficient stateowned enterprises (SOEs) is to privatize them. Unfortunately, the empirical evidence related to this issue is
A Comprehensive Perspective on Effects of Privatization on Economy
Privatization, a method of reallocating assets and functions from the public sector to the private sector, appears to be a factor that could play a serious role in the quest for growth. In recent
The Decision to Privatize:
We investigate the influence of financial and political factors on the decision to privatize government-owned firms using a unique firm-level data set from India. The results show that larger, more
...
1
2
3
4
5
...

References

SHOWING 1-10 OF 594 REFERENCES
Privatization: The Lessons of Experience
This book reviews experiences with state-owned enterprises (SOEs) and their privatization in developing and industrial countries and extracts salient themes and lessons for the successful design and
Machiavellian Underpricing
Much academic literature on privatization has focused on the question of the efficiency gains associated with private property rights, the appropriate regulatory framework for privatized firms. There
Privatisation: A Policy in Search of a Rationale
Privatisation is a term which is used to cover several distinct, and possibly alternative, means of changing the relationships between the government and the private sector. Among the most important
Public vs. Private Ownership: The Current State of the Debate
Disappointment with insider trading in Russia, with voucher privatization in the Czech Republic, and with the privatization of infrastructure in many developing countries has spawned new critiques of
Privatization and Its Benefits: Theory and Evidence
Privatization has been a key component of structural reform programs in both developed and developing economies. The aim of such programs is to achieve higher microeconomic efficiency and foster
Enterprise adjustment in Poland: evidence from a survey of 200 private, privatised, and state-owned firms
This paper reports the main findings from a survey of some 200 Polish firms carried out at the end of 1993. The central focus is on the relationship between different emerging forms of ownership and
The Short-Run Performance of IPOs of Privately- and Publicly-Owned Firms: International Evidence
This article compares the initial returns of privatization initial public offerings (IPOs) to those of privately-owned enterprises and investigates the determinants of short-run performance of
Public enterprise reform : the lessons of experience
This book tries to systematize the lessons learned in the past two decades of public enterprise reform to correct the perceived deficiencies of state-enterprise sectors in Africa, Asia, and Latin
...
1
2
3
4
5
...