Privatization: Implications of a Shift from State to Private Ownership


Adams, S., Mengistu, B. 2008. The political economy of privatization in Sub-Saharan Africa. Social Science Quarterly, 89: 7894.
Google Scholar | Crossref

Aggarwal, R., Leal, R., Hernandez, L. 1993. The aftermarket performance of initial public offerings in Latin America. Financial Management, 22: 4253.
Google Scholar | Crossref | ISI

Alexandre, H., Charreaux, G. 2004. Efficiency of French privatizations: A dynamic vision. Journal of Corporate Finance, 10: 467494.
Google Scholar | Crossref

Alford, J. 1993. Towards a new public management model: Beyond “managerialism” and its critics. Australian Journal of Public Administration, 52: 135148.
Google Scholar | Crossref

Al-Husan, F. B., James, P. 2003. Cultural control and multinationals: The case of privatized Jordanian companies. International Journal of Human Resource Management, 14: 12841295.
Google Scholar | Crossref

Al-Jazzaf, M. I. 1999. Impact of privatization on airlines performance: An empirical analysis. Journal of Air Transport Management, 5: 4552.
Google Scholar | Crossref

Alonso, J. M., Clifton, J., Díaz-Fuentes, D., Fernández-Gutiérrez, M., Revuelta, J. 2013. The race for international markets: Were privatized telecommunications incumbents more successful than their public counterparts? International Review of Applied Economics, 27: 215236.
Google Scholar | Crossref

Arcas, M. J., Bachiller, P. 2010. Operating performance of privatized firms in Europe: Organizational and environmental factors. International Journal of Public Administration, 33: 487498.
Google Scholar | Crossref

Azam, J. P., Biais, B., Dia, M. 2004. Privatisation versus regulation in developing economies: The case of West African banks. Journal of African Economies, 13: 361394.
Google Scholar | Crossref

Bachiller, P. 2017. A meta-analysis of the impact of privatization on firm performance. Management Decision, 55: 178202.
Google Scholar | Crossref

Balza, L., Jimenez, R., Mercado, J. 2013. Privatization, institutional reform, and performance in the Latin American electricity sector Inter-American Development Bank, Infrastructure and Environment Department, Energy Division, Technical Note No. IDB-TN-599). Washington, D.C., Fellipe Herrera Library.
Google Scholar

Barley, S. R. 2007. Corporations, democracy, and the public good. Journal of Management Inquiry, 16: 201215.
Google Scholar | SAGE Journals | ISI

Belloc, F. 2014. Innovation in state-owned enterprises: Reconsidering the conventional wisdom. Journal of Economic Issues, 48: 821848.
Google Scholar | Crossref

Bennett, J., Estrin, S., Maw, J., Urga, G. 2003. The impact of different privatization methods on growth in transition economies (Centre for New and Emerging Markets Discussion Paper, 30). London, UK, Centre for New and Emerging Markets.
Google Scholar

Bennett, J., Estrin, S., Urga, G. 2007. Methods of privatization and economic growth in transition economies. Economics of Transition, 15: 661683.
Google Scholar | Crossref

Berger, A. N., Clarke, G. R., Cull, R., Klapper, L., Udell, G. F. 2005. Corporate governance and bank performance: A joint analysis of the static, selection, and dynamic effects of domestic, foreign, and state ownership (World Bank Policy Research Working Paper). Washinton, D.C., World Bank.
Google Scholar

Berne, M., Pogorel, G. 2006. Privatization experiences in France. In Kothenburger, M., Sinn, H. W., Whalley, J. (Eds.), Privatization experiences in the European Union: 163198. Cambridge, MA: MIT University Press.
Google Scholar

Bhaskar, V., Khan, M. 1995. Privatization and employment: A study of the jute industry in Bangladesh. American Economic Review, 85: 267273.
Google Scholar | ISI

Biais, B., Perotti, E. 2002. Machiavellian privatization. American Economic Review, 92: 240258.
Google Scholar | Crossref | ISI

Biglaiser, G., Brown, D. S. 2003. The determinants of privatization in Latin America. Political Research Quarterly, 56: 7789.
Google Scholar | SAGE Journals | ISI

Boardman, A. E., Vining, A. R. 1989. Ownership and performance in competitive environments: A comparison of the performance of private, mixed, and state-owned enterprises. Journal of Law and Economics, 32: 133.
Google Scholar | Crossref | ISI

Bognetti, G., Obermann, G. 2008. Liberalization and privatization of public utilities: Origins of the debate, current issues and challenges for the future. Annals of Public and Cooperative Economics, 79: 461485.
Google Scholar | Crossref

Bonin, J. P., Hasan, I., Wachtel, P. 2005. Bank performance, efficiency and ownership in transition countries. Journal of Banking & Finance, 29: 3153.
Google Scholar | Crossref | ISI

Bortolotti, B., D’Souza, J., Fantini, M., Megginson, W. L. 2002. Privatization and the sources of performance improvement in the global telecommunications industry. Telecommunications Policy, 26: 243268.
Google Scholar | Crossref | ISI

Bortolotti, B., Fantini, M., Siniscalco, D. 1998. Regulation and privatisation: The case of electricity. Working Paper, Department of Economics and Finance, University of Turin.
Google Scholar

Boubakri, N., Cosset, J. C. 1998. The financial and operating performance of newly privatized firms: Evidence from developing countries. Journal of Finance, 53: 10811110.
Google Scholar | Crossref | ISI

Boubakri, N., Cosset, J. C., Fischer, K., Guedhami, O. 2005. Privatization and bank performance in developing countries. Journal of Banking & Finance, 29: 20152041.
Google Scholar | Crossref

Boubakri, N., Cosset, J. C., Guedhami, O. 2005. Post privatization corporate governance: The role of ownership structure and investor protection. Journal of Financial Economics, 76: 369399.
Google Scholar | Crossref

Boubakri, N., Cosset, J. C., Guedhami, O. 2009. From state to private ownership: Issues from strategic industries. Journal of Banking & Finance, 33: 367379.
Google Scholar | Crossref

Boubakri, N., Cosset, J. C., Saffar, W. 2008. Political connections of newly privatized firms. Journal of Corporate Finance, 14: 654673.
Google Scholar | Crossref | ISI

Boubakri, N., Guedhami, O., Kwok, C. C., Saffar, W. 2016. National culture and privatization: The relationship between collectivism and residual state ownership. Journal of International Business Studies, 47: 170190.
Google Scholar | Crossref

Boycko, M., Shleifer, A., Vishny, R. W. 1994. Voucher privatization. Journal of Financial Economics, 35: 249266.
Google Scholar | Crossref

Boycko, M., Shleifer, A., Vishny, R. W. 1996. A theory of privatisation. The Economic Journal, 106: 309319.
Google Scholar | Crossref | ISI

Bozec, R., Dia, M., Breton, G. 2006. Ownership–efficiency relationship and the measurement selection bias. Accounting and Finance, 46: 733754.
Google Scholar | Crossref

Breen, M., Doyle, D. 2013. The determinants of privatization: A comparative analysis of developing countries. Journal of Comparative Policy Analysis: Research and Practice, 15: 120.
Google Scholar | Crossref | ISI

Bruton, G. D., Ahlstrom, D., Li, H. L. 2010. Institutional theory and entrepreneurship: Where are we now and where do we need to move in the future? Entrepreneurship Theory and Practice, 34: 421440.
Google Scholar | SAGE Journals | ISI

Bruton, G. D., Peng, M. W., Ahlstrom, D., Stan, C., Xu, K. 2015. State-owned enterprises around the world as hybrid organizations. Academy of Management Perspectives, 29: 92114.
Google Scholar | Crossref | ISI

Carter, C., Mueller, F. 2002. The ‘long march’ of the management modernizers: Ritual, rhetoric and rationality. Human Relations, 55: 13251354.
Google Scholar | SAGE Journals | ISI

Chabrak, N., Craig, R., Daidj, N. 2016. Financialization and the employee suicide crisis at France Telecom. Journal of Business Ethics, 139: 501515.
Google Scholar | Crossref

Claessens, S., Djankov, S. 1999. Ownership concentration and corporate performance in the Czech Republic. Journal of Comparative Economics, 27: 498513.
Google Scholar | Crossref | ISI

Claessens, S., Djankov, S., Pohl, G. 1997. Ownership and corporate governance: Evidence from the Czech Republic, World Bank Publications, 1737.
Google Scholar

Clark, E., Soulsby, A. 1995. Transforming former state enterprises in the Czech Republic. Organization Studies, 16: 215242.
Google Scholar | SAGE Journals | ISI

Clark, E., Soulsby, A. 1998. Organization-community embeddedness: The social impact of enterprise restructuring in the post-communist Czech Republic. Human Relations, 51: 2550.
Google Scholar | SAGE Journals | ISI

Clark, E., Soulsby, A. 1999. The adoption of the multi-divisional form in large Czech enterprises: The role of economic, institutional and strategic factors. Journal of Management Studies, 36: 535559.
Google Scholar | Crossref | ISI

Clifton, J., Díaz-Fuentes, D., Revuelta, J. 2010. The political economy of telecoms and electricity internationalization in the single market. Journal of European Public Policy, 17: 9881006.
Google Scholar | Crossref | ISI

Conn, D. 2020. ‘I’m traumatised now’: Covid bereaved call for inquiry into NHS 111. The Guardian. Retrieved from https://www.theguardian.com/world/2020/sep/21/covid-bereaved-call-for-inquiry-into-nhs-111-handling-of-crisis
Google Scholar

Cragg, M. I., Dyck, I. A. 2003. Privatization and management incentives: Evidence from the United Kingdom. Journal of Law, Economics, and Organization, 19: 176217.
Google Scholar | Crossref

Crockford, D. 1994. Strategic management in privatized businesses. Long Range Planning, 27: 111118.
Google Scholar | Crossref

Cubbin, J., Stern, J. 2006. The impact of regulatory governance and privatization on electricity industry generation capacity in developing economies. World Bank Economic Review, 20: 115141.
Google Scholar | Crossref | ISI

Cuervo, A., Villalonga, B. 2000. Explaining the variance in the performance effects of privatization. Academy of Management Review, 25: 581590.
Google Scholar | Crossref

Cunha, R. C., Cooper, C. L. 2002. Does privatization affect corporate culture and employee wellbeing? Journal of Managerial Psychology, 17: 2149.
Google Scholar | Crossref

Czaban, L., Whitley, R. 2000. Incremental organizational change in a transforming society: Managing turbulence in Hungary in the 1990s. Journal of Management Studies, 37: 371393.
Google Scholar | Crossref

Dean, A., Carlisle, Y., Baden-Fuller, C. 1999. Punctuated and continuous change: The UK water industry. British Journal of Management, 10: 318.
Google Scholar | Crossref

Dharwadkar, B., George, G., Brandes, P. 2000. Privatization in emerging economies: An agency theory perspective. Academy of Management Review, 25: 650669.
Google Scholar | Crossref | ISI

DiMaggio, P. J., Powell, W. W. 1983. The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields. American Sociological Review, 48: 147160.
Google Scholar | Crossref | ISI

Dinc, I. S., Gupta, N. 2011. The decision to privatize: Finance and politics. The Journal of Finance, 66: 241269.
Google Scholar | Crossref | ISI

Doh, J. P., Teegen, H., Mudambi, R. 2004. Balancing private and state ownership in emerging markets’ telecommunications infrastructure: Country, industry, and firm influences. Journal of International Business Studies, 35: 233250.
Google Scholar | Crossref

Dore, M. H., Kushner, J., Zumer, K. 2004. Privatization of water in the UK and France—What can we learn? Utilities Policy, 12: 4150.
Google Scholar | Crossref

Doyle, D. 2010. Politics and privatization: Exogenous pressures, domestic incentives and state divestiture in Latin America. Journal of Public Policy, 30: 291320.
Google Scholar | Crossref

D’Souza, J., Megginson, W. L. 1999. The financial and operating performance of privatized firms during the 1990s. The Journal of Finance, 54: 13971438.
Google Scholar | Crossref | ISI

D’Souza, J., Megginson, W., Nash, R. 2001. Determinants of performance improvements in privatized firms: The role of restructuring and corporate governance. Working paper, University of Oklahoma, Norman.
Google Scholar

D’Souza, J., Megginson, W., Nash, R. 2005. Effect of institutional and firm-specific characteristics on post-privatization performance: Evidence from developed countries. Journal of Corporate Finance, 11: 747766.
Google Scholar | Crossref | ISI

Dunleavy, P. 1986. Explaining the privatization boom: Public choice versus radical approaches. Public Administration, 64: 1334.
Google Scholar | Crossref | ISI

Dyck, I. A. 1997. Privatization in Eastern Germany: Management selection and economic transition. American Economic Review, 87: 565597.
Google Scholar

Earle, J. S., Estrin, S. 2003. Privatization, competition, and budget constraints: Disciplining enterprises in Russia. Economics of Planning, 36: 122.
Google Scholar | Crossref

Eckel, C., Eckel, D., Singal, V. 1997. Privatization and efficiency: Industry effects of the sale of British Airways. Journal of Financial Economics, 43: 275298.
Google Scholar | Crossref

Ehrlich, I., Gallais-Hamonno, G., Liu, Z., Lutter, R. 1994. Productivity growth and firm ownership: An analytical and empirical investigation. Journal of Political Economy, 102: 10061038.
Google Scholar | Crossref | ISI

Erakovic, L., Wilson, M. 2005. Conditions of radical transformation in state-owned enterprises. British Journal of Management, 16: 293313.
Google Scholar | Crossref

Estache, A., Rossi, M. A. 2002. How different is the efficiency of public and private water companies in Asia? World Bank Economic Review, 16: 139148.
Google Scholar | Crossref | ISI

Estache, A., Rossi, M. A., Ruzzier, C. A. 2004. The case for international coordination of electricity regulation: Evidence from the measurement of efficiency in South America. Journal of Regulatory Economics, 25: 271295.
Google Scholar | Crossref

Estrin, S., Hanousek, J., Kocenda, E., Svejnar, J. 2009. The effects of privatization and ownership in transition economies. Journal of Economic Literature, 47: 699728.
Google Scholar | Crossref | ISI

Estrin, S., Meyer, K. E., Nielsen, B. B., Nielsen, S. 2016. Home country institutions and the internationalization of state-owned enterprises: A cross-country analysis. Journal of World Business, 51: 294307.
Google Scholar | Crossref

Estrin, S., Pelletier, A. 2018. Privatization in developing countries: What are the lessons of recent experience? The World Bank Research Observer, 33: 65102.
Google Scholar | Crossref

Fainshmidt, S., Judge, W. Q., Aguilera, R. V., Smith, A. 2018. Varieties of institutional systems: A contextual taxonomy of understudied countries. Journal of World Business, 53: 307322.
Google Scholar | Crossref

Fan, J. P., Wong, T. J., Zhang, T. 2007. Politically connected CEOs, corporate governance, and post-IPO performance of China’s newly partially privatized firms. Journal of Financial Economics, 84: 330357.
Google Scholar | Crossref | ISI

Feng, F., Sun, Q., Tong, W. H. 2004. Do government-linked companies underperform? Journal of Banking and Finance, 28: 24612492.
Google Scholar | Crossref

Filatotchev, I., Buck, T., Zhukov, V. 2000. Downsizing in privatized firms in Russia, Ukraine, and Belarus. Academy of Management Journal, 43: 286304.
Google Scholar

Filatotchev, I., Wright, M., Uhlenbruck, K., Tihanyi, L., Hoskisson, R. E. 2003. Governance, organizational capabilities, and restructuring in transition economies. Journal of World Business, 38: 331347.
Google Scholar | Crossref | ISI

Fink, S. 2011. A contagious concept: Explaining the spread of privatization in the telecommunications sector. Governance, 24: 111139.
Google Scholar | Crossref | ISI

Ford, J., Plimmer, G. 2019. Returning the UK’s privatised services to the public. Financial Times. Retrieved from https://www.ft.com/content/90c0f8e8-17fd-11e8-9e9c-25c814761640.
Google Scholar

Friedland, R., Alford, R. R. 1991. Bringing society back in: Symbols, practices, and institutional contradiction s. In W. W. Powell & P. DiMaggio (Eds.), The new institutionalism in organizational analysis: 232263. Chicago, IL: University of Chicago Press.
Google Scholar

Frydman, R., Gray, C., Hessel, M., Rapaczynski, A. 1999. When does privatization work? The impact of private ownership on corporate performance in the transition economies. The Quarterly Journal of Economics, 114: 11531191.
Google Scholar | Crossref | ISI

Galal, A., Jones, L., Tandon, P., Vogelsang, I. 1994. Welfare consequences of selling public enterprises. Oxford, UK: Oxford University Press.
Google Scholar | Crossref

Gasmi, F., Maingard, A., Noumba, P., Virto, L. R. 2013. The privatization of the fixed-line telecommunications operator in OECD, Latin America, Asia, and Africa: One size does not fit all. World Development, 45: 189208.
Google Scholar | Crossref

Goldeng, E., Grünfeld, L. A., Benito, G. R. 2008. The performance differential between private and state-owned enterprises: The roles of ownership, management and market structure. Journal of Management Studies, 45: 12441273.
Google Scholar | Crossref | ISI

Graham, B. 1997. Air transport liberalization in the European Union: An assessment. Regional Studies, 31: 807.
Google Scholar | Crossref

Greenwald, B. C., Stiglitz, J. E. 1986. Externalities in economies with imperfect information and incomplete markets. The Quarterly Journal of Economics, 101: 229264.
Google Scholar | Crossref | ISI

Greve, H. R., Man Zhang, C. 2017. Institutional logics and power sources: Merger and acquisition decisions. Academy of Management Journal, 60: 671694.
Google Scholar | Crossref

Grugulis, I., Wilkinson, A. 2002. Managing culture at British Airways: Hype, hope and reality. Long Range Planning, 35: 179194.
Google Scholar | Crossref | ISI

Guo, K., Yao, Y. 2005. Causes of privatization in China: Testing several hypotheses. Economics of Transition, 13: 211238.
Google Scholar | Crossref

Gupta, N. 2005. Partial privatization and firm performance. Journal of Finance, 60: 9871015.
Google Scholar | Crossref | ISI

Gupta, N. 2011. Selling the family silver to pay the grocer’s bill? Working paper, Indiana University.
Google Scholar

Gupta, N., Ham, J. C., Svejnar, J. 2008. Priorities and sequencing in privatization: Evidence from Czech firm panel data. European Economic Review, 52: 183208.
Google Scholar | Crossref

Guriev, S., Rachinsky, A. 2005. The role of oligarchs in Russian capitalism. Journal of Economic Perspectives, 19: 131150.
Google Scholar | Crossref | ISI

Hall, P., Soskice, D. 2001. Varieties of capitalism: The institutional foundations of comparative advantage. Oxford, UK: Oxford University Press.
Google Scholar | Crossref

Hammer, R. M., Hinterhuber, H. H., Lorentz, J. 1989. Privatization—A cure for all ills? Long Range Planning, 22: 1928.
Google Scholar | Crossref

Harper, J. T. 2002. The performance of privatized firms in the Czech Republic. Journal of Banking & Finance, 26: 621649.
Google Scholar | Crossref

Harrow, J., Willcocks, L. 1990. Public services management: Activities, initiatives and limits to learning. Journal of Management Studies, 27: 281304.
Google Scholar | Crossref

Hart, O., Shleifer, A., Vishny, R. W. 1997. The proper scope of government: Theory and an application to prisons. The Quarterly Journal of Economics, 112: 11271161.
Google Scholar | Crossref | ISI

Hartley, P. R., Medlock, K. B.. 2013. Changes in the operational efficiency of national oil companies. The Energy Journal, 34: 2757.
Google Scholar | Crossref

Henig, J. R. 19891990. Privatization in the United States: Theory and practice. Political Science Quarterly, 104: 649670.
Google Scholar

Henisz, W. J., Zelner, B. A., Guillén, M. F. 2005. The worldwide diffusion of market-oriented infrastructure reform, 1977-1999. American Sociological Review, 70: 871897.
Google Scholar | SAGE Journals | ISI

Hodge, G. 2000. Privatization: An international review of performance (1st ed.). London: Routledge.
Google Scholar

Huang, L., Yao, Y. 2010. Impacts of privatization on employment: Evidence from China. Journal of Chinese Economic and Business Studies, 8: 133156.
Google Scholar | Crossref

Huang, Z., Wang, K. 2011. Ultimate privatization and change in firm performance: Evidence from China. China Economic Review, 22: 121132.
Google Scholar | Crossref | ISI

Inoue, C. F., Lazzarini, S. G., Musacchio, A. 2013. Leviathan as a minority shareholder: Firm-level implications of state equity purchases. Academy of Management Journal, 56: 17751801.
Google Scholar | Crossref | ISI

Johnson, G., Smith, S., Codling, B. 2000. Microprocesses of institutional change in the context of privatization. Academy of Management Review, 25: 572580.
Google Scholar | Crossref | ISI

Jones, D. C. 1998. The economic effects of privatization: Evidence from a Russian panel. Comparative Economic Studies, 40: 75102.
Google Scholar | Crossref

Jones, S. L., Megginson, W. L., Nash, R. C., Netter, J. M. 1999. Share issue privatizations as financial means to political and economic ends. Journal of Financial Economics, 53: 217253.
Google Scholar | Crossref

Jupe, R., Funnell, W. 2015. Neoliberalism, consultants and the privatisation of public policy formulation: The case of Britain’s rail industry. Critical Perspectives on Accounting, 29: 6585.
Google Scholar | Crossref

Kaufmann, D., Siegelbaum, P. 1997. Privatization and corruption in transition economies. Journal of International Affairs, 50: 419458.
Google Scholar

Kentikelenis, A. E., Babb, S. 2019. The making of neoliberal globalization: Norm substitution and the politics of clandestine institutional change. American Journal of Sociology, 124: 17201762.
Google Scholar | Crossref

Kirkpatrick, C., Parker, D., Zhang, Y. F. 2006. An empirical analysis of state and private-sector provision of water services in Africa. The World Bank Economic Review, 20: 143163.
Google Scholar | Crossref | ISI

Koppell, J. G. 2007. Political control for China’s state-owned enterprises: Lessons from America’s experience with hybrid organizations. Governance, 20: 255278.
Google Scholar | Crossref | ISI

Kostova, T., Roth, K., Dacin, M. T. 2008. Institutional theory in the study of multinational corporations: A critique and new directions. Academy of Management Review, 33: 9941006.
Google Scholar | Crossref | ISI

Laffont, J. J., Tirole, J. 1991. The politics of government decision-making: A theory of regulatory capture. The Quarterly Journal of Economics, 106: 10891127.
Google Scholar | Crossref | ISI

La Porta, R., Lopez-de-Silanes, F. 1999. The benefits of privatization: Evidence from Mexico. The Quarterly Journal of Economics, 114: 11931242.
Google Scholar | Crossref | ISI

Lawrence, F., Garside, J., Pegg, D., Conn, D., Carrell, S., Davies, H. 2020. How a decade of privatisation and cuts exposed England to coronavirus. The Guardian. Retrieved from https://www.theguardian.com/world/2020/may/31/how-a-decade-of-privatisation-and-cuts-exposed-england-to-coronavirus
Google Scholar

Li, W., Xu, L. C. 2004. The impact of privatization and competition in the telecommunications sector around the world. Journal of Law and Economics, 47: 395430.
Google Scholar | Crossref

Li, X. 2011. Sources of external technology, absorptive capacity, and innovation capability in Chinese state-owned high-tech enterprises. World Development, 39: 12401248.
Google Scholar | Crossref | ISI

Liao, L., Liu, B., Wang, H. 2014. China’s secondary privatization: Perspectives from the split-share structure reform. Journal of Financial Economics, 113: 500518.
Google Scholar | Crossref | ISI

MacKenzie, R. 2008. From networks to hierarchies: The construction of a subcontracting regime in the Irish telecommunications industry. Organization Studies, 29: 867886.
Google Scholar | SAGE Journals | ISI

Majumdar, S. K. 1996. Assessing comparative efficiency of the state-owned, mixed, and private sectors in Indian industry. Public Choice, 96: 124.
Google Scholar | Crossref

Maquieira, C., Zurita, S. 1996. Privatization in Chile: Efficiency and financial policies. Administration Studies, 3: 136.
Google Scholar

Martin, S., Parker, D. 1995. Privatization and economic performance throughout the UK business cycle. Managerial and Decision Economics, 16: 225237.
Google Scholar | Crossref

Marwell, N. P. 2004. Privatizing the welfare state: Nonprofit community-based organizations as political actors. American Sociological Review, 69: 265291.
Google Scholar | SAGE Journals | ISI

Meaney, C. S. 1995. Foreign experts, capitalists, and competing agendas: Privatization in Poland, the Czech Republic, and Hungary. Comparative Political Studies, 28: 275305.
Google Scholar | SAGE Journals | ISI

Meckling, W. H., Jensen, M. C. 1976. Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3: 305360.
Google Scholar | Crossref

Megginson, W. L. 2005. The economics of bank privatization. Journal of Banking & Finance, 29: 19311980.
Google Scholar | Crossref

Megginson, W. L. 2017. Privatization, state capitalism, and state ownership of business in the 21st century. Foundations and Trends in Finance, 11: 1153.
Google Scholar | Crossref

Megginson, W. L., Nash, R. C., Netter, J. M., Schwartz, A. L. 2000. The long-run return to investors in share issue privatization. Financial Management, 29: 6777.
Google Scholar | Crossref

Megginson, W. L., Nash, R. C., Van Randenborgh, M. 1994. The financial and operating performance of newly privatized firms: An international empirical analysis. Journal of Finance, 49: 403452.
Google Scholar | Crossref | ISI

Megginson, W. L., Netter, J. M. 2001. From state to market: A survey of empirical studies on privatization. Journal of Economic Literature, 39: 321389.
Google Scholar | Crossref | ISI

Megginson, W. L., Netter, J. M. 2003. History and methods of privatization. In Parker, D., Saal, D. (Eds.), International handbook on privatization: 2540. Northampton, MA: Edward Elgar Publishing.
Google Scholar | Crossref

Megginson, W. L., Sutter, N. L. 2006. Privatisation in developing countries. Corporate Governance: An International Review, 14: 234265.
Google Scholar | Crossref

Meyer, J. P., Herscovitch, L. 2001. Commitment in the workplace: Toward a general model. Human Resource Management Review, 11: 299326.
Google Scholar | Crossref

Meyer, K. E. 2002. Management challenges in privatization acquisitions in transition economies. Journal of World Business, 37: 266276.
Google Scholar | Crossref

Milhaupt, C. J., Pargendler, M. 2017. Governance challenges of listed state-owned enterprises around the world: National experiences and a framework for reform. Cornell International Law Review, 50: 473.
Google Scholar

Miranda, R., Lerner, A. 1995. Bureaucracy, organizational redundancy, and the privatization of public services. Public Administration Review, 55: 193200.
Google Scholar | Crossref | ISI

Moe, R. C. 1987. Exploring the limits of privatization. Public Administration Review, 35: 453460.
Google Scholar | Crossref

Morley, W. B. 1986. The privatization of British Telecom—Its impact on management. Long Range Planning, 19: 124129.
Google Scholar | Crossref

Munari, F., Oriani, R. 2005. Privatization and economic returns to R & D investments. Industrial and Corporate Change, 14: 6191.
Google Scholar | Crossref

Munari, F., Sobrero, M. 2003. Privatization’s effects on R&D investments. In Calderini, M., Garrone, P., Sobrero, M. (Eds.), Corporate governance, market structure and innovation: 6791. Cheltenham, UK: Edward Elgar.
Google Scholar | Crossref

Munari, F., Roberts, E. B., Sobrero, M. 2002. Privatization processes and the redefinition of corporate R&D boundaries. Research Policy, 31: 3153.
Google Scholar | Crossref

Munir, K., Naqvi, N. 2017. Privatization in the land of believers: The political economy of privatization in Pakistan. Modern Asian Studies, 51: 16951726.
Google Scholar | Crossref

Munster, B. 2020. What made Italy’s wealthiest region so vulnerable to coronavirus? New Statesman, April 19. Retrieved from https://www.newstatesman.com/politics/health/2020/04/coronavirus-italy-lombardy-private-healthcare-response.
Google Scholar

Musacchio, A., Lazzarini, S. G. 2014. Reinventing state capitalism: Leviathan in business, Brazil and beyond. Cambridge, MA: Harvard University Press.
Google Scholar | Crossref

Nelson, L. D., Kuzes, I. Y. 1994. Evaluating the Russian voucher privatization program. Comparative Economic Studies, 36: 5567.
Google Scholar | Crossref

Newbery, D. M., Pollitt, M. G. 1997. The restructuring and privatisation of Britain’s CEGB—Was it worth it? Journal of Industrial Economics, 45: 269303.
Google Scholar | Crossref

Ogden, S. G. 1995. Transforming frameworks of accountability: The case of water privatization. Accounting, Organizations and Society, 20: 193218.
Google Scholar | Crossref

Ogden, S., Watson, R. 1999. Corporate performance and stakeholder management: Balancing shareholder and customer interests in the UK privatized water industry. Academy of Management Journal, 42: 526538.
Google Scholar | Crossref | ISI

Okten, C., Arin, K. P. 2006. The effects of privatization on efficiency: How does privatization work? World Development, 34: 15371556.
Google Scholar | Crossref

Organisation for Economic Co-operation and Development (OECD) . 2003. Privatising state-owned enterprises: An overview of policies and practices in OECD countries. Paris, France: OECD.
Google Scholar

Organisation for Economic Co-operation and Development (OECD) . 2018. Privatisation and the broadening of ownership of state-owned enterprises. Paris, France: OECD.
Google Scholar

Palcic, D., Reeves, E. 2011. Privatization, employee share ownership and governance: The case of EIRCOM. Annals of Public and Cooperative Economics, 82: 437454.
Google Scholar | Crossref

Parker, D. 1995. Privatisation and agency status: Identifying the critical factors for performance improvement. British Journal of Management, 6: 2943.
Google Scholar | Crossref

Parker, D., Saal, D. S. 2003. International handbook on privatization. Northampton, MA: Edward Elgar Publishing.
Google Scholar | Crossref

The PB Report . 2017. A publication of the privatization barometer. The PB Report.
Google Scholar

Pedersen, T., Thomsen, S. 2003. Ownership structure and value of the largest European firms: The importance of owner identity. Journal of Management and Governance, 7: 2755.
Google Scholar | Crossref

Pendleton, A. 2003. Does privatization create a ‘new breed’ of managers? A study of the UK railway industry. Human Relations, 56: 85111.
Google Scholar | SAGE Journals | ISI

Peng, M. W., Buck, T., Filatotchev, I. 2003. Do outside directors and new managers help improve firm performance? An exploratory study in Russian privatization. Journal of World Business, 38: 348360.
Google Scholar | Crossref

Pollitt, M. 2008. The arguments for and against ownership unbundling of energy transmission networks. Energy Policy, 36: 704713.
Google Scholar | Crossref | ISI

Pombo, C., Ramirez-Gomez, M. 2005. Privatization in Colombia: A plant performance analysis. In Chong, P., Lopez, F. (Eds.), Privatization in Latin America: Myths and reality: Washington, DC: World Bank, Available at SSRN: https://ssrn.com/abstract=1370533
Google Scholar

Ramamurti, R. 1992. Why are developing countries privatizing? Journal of International Business Studies, 23: 225249.
Google Scholar | Crossref

Ramamurti, R. 1997. Testing the limits of privatization: Argentine railroads. World Development, 25: 19731993.
Google Scholar | Crossref | ISI

Ramamurti, R. 2000. A multilevel model of privatization in emerging economies. Academy of Management Review, 25: 525550.
Google Scholar | Crossref | ISI

Ring, P. S., Perry, J. L. 1985. Strategic management in public and private organizations: Implications of distinctive contexts and constraints. Academy of Management Review, 10: 276286.
Google Scholar | Crossref | ISI

Roberts, B. M., Saeed, M. A. 2012. Privatizations around the world: economic or political determinants? Economics & Politics, 24: 4771.
Google Scholar | Crossref | ISI

Rodríguez, G. C., Espejo, C. A. D., Cabrera, R. V. 2007. Incentives management during privatization: An agency perspective. Journal of Management Studies, 44: 536560.
Google Scholar | Crossref

Roland, G. 2008. Privatization: Success and failures. New York, NY: Columbia University Press.
Google Scholar | Crossref

Roland, G., Sekkat, K. 2000. Managerial career concerns, privatization and restructuring in transition economies. European Economic Review, 44: 18571872.
Google Scholar | Crossref

Rondinelli, D. A., Black, S. S. 2000. Multinational strategic alliances and acquisitions in Central and Eastern Europe: Partnerships in privatization. Academy of Management Perspectives, 14: 8598.
Google Scholar | Crossref

Ross, P. 2008. Management strategies in the Czech telecommunications sector: A comparative study of Český Telecom and T-Mobile. International Journal of Human Resource Management, 19: 22162234.
Google Scholar | Crossref

Sachs, J. D. 1992. Privatization in Russia: Some lessons from Eastern Europe. The American Economic Review, 82: 4348.
Google Scholar

Savas, E. S. 1992. Privatization in post-socialist countries. Public Administration Review, 52: 573581.
Google Scholar | Crossref

Savas, E. 2000. Privatization and public-private partnerships. New York, NY: Chatham House.
Google Scholar

Schmitt, C. 2011. What drives the diffusion of privatization policy? Evidence from the telecommunications sector. Journal of Public Policy, 31: 95117.
Google Scholar | Crossref | ISI

Scott, R. W. 1995. Institutions and organizations. Thousand Oaks, CA: Sage.
Google Scholar

Shima, W. T. 2004. The implications of privatization for innovation in Brazilian telecommunications. International Journal of Technology Management & Sustainable Development, 3: 316.
Google Scholar | Crossref

Shleifer, A., Vishny, R. W. 1994. Politicians and firms. The Quarterly Journal of Economics, 109: 9951025.
Google Scholar | Crossref | ISI

Silvestre, B., Hall, J., Matos, S., Figueira, L. A. 2010. Privatization of electricity distribution in the Northeast of Brazil: The good, the bad, the ugly or the naive? Energy Policy, 38: 70017013.
Google Scholar | Crossref

Smith, S. C., Cin, B. C., Vodopivec, M. 1997. Privatization incidence, ownership forms, and firm performance: Evidence from Slovenia. Journal of Comparative Economics, 25: 158179.
Google Scholar | Crossref | ISI

Somé, H. Y., Cano-Kollmann, M., Mudambi, R., Cosset, J. C. Forthcoming. The effect of privatization on the characteristics of innovation. Management. doi: 10.1111/fima.12311
Google Scholar

Soulsby, A., Clark, E. 1996. The emergence of post-communist management in the Czech Republic. Organization Studies, 17: 227247.
Google Scholar | SAGE Journals | ISI

Soulsby, A., Clark, E. 2006. Changing patterns of employment in post-socialist organizations in Central and Eastern Europe: Management action in a transitional context. International Journal of Human Resource Management, 17:13961410.
Google Scholar | Crossref | ISI

Spicer, A., McDermott, G. A., Kogut, B. 2000. Entrepreneurship and privatization in Central Europe: The tenuous balance between destruction and creation. Academy of Management Review, 25: 630649.
Google Scholar | Crossref | ISI

Spiller, P. T. 1996. Institutions and commitment. Industrial and Corporate Change, 5: 421452.
Google Scholar | Crossref

Starr, P. 1988. The meaning of privatization. Yale Law & Policy Review, 6: 641.
Google Scholar

Subramanian, K., Megginson, W. 2018. Employment protection laws and privatization. The Journal of Law and Economics, 61: 97123.
Google Scholar | Crossref

Sueyoshi, T. 1998. Privatization of Nippon telegraph and telephone: Was it a good policy decision? European Journal of Operational Research, 107: 4561.
Google Scholar | Crossref

Sun, Q., Tong, W. H. 2003. China share issue privatization: The extent of its success. Journal of Financial Economics, 70: 183222.
Google Scholar | Crossref | ISI

Tian, G. 2000. Property rights and the nature of Chinese collective enterprises. Journal of Comparative Economics, 28: 247268.
Google Scholar | Crossref | ISI

Tyrrall, D., Parker, D. 2005. The fragmentation of a railway: A study of organizational change. Journal of Management Studies, 42: 507537.
Google Scholar | Crossref

Uhlenbruck, K., Castro, J. D. 2000. Foreign acquisitions in Central and Eastern Europe: Outcomes of privatization in transitional economies. Academy of Management Journal, 43: 381402.
Google Scholar | Crossref | ISI

Uhlenbruck, N., Castro, J. D. 1998. Privatization from the acquirer’s perspective: A mergers and acquisitions-based framework. Journal of Management Studies, 35: 619640.
Google Scholar | Crossref | ISI

Vaaler, P. M., Schrage, B. N. 2009. Residual state ownership, policy stability and financial performance following strategic decisions by privatizing telecoms. Journal of International Business Studies, 40: 621641.
Google Scholar | Crossref | ISI

van de Ven, A. H., Poole, M. S. 1995. Explaining development and change in organizations. Academy of Management Review, 20: 510540.
Google Scholar | Crossref | ISI

Vickers, J., Yarrow, G. 1991. Economic perspectives on privatization. Journal of Economic Perspectives, 5: 111132.
Google Scholar | Crossref | ISI

Vining, A. R., Boardman, A. E. 1992. Ownership versus competition: Efficiency in public enterprise. Public Choice, 73: 205239.
Google Scholar | Crossref | ISI

Wallsten, S. J. 2001. An econometric analysis of telecom competition, privatization, and regulation in Africa and Latin America. Journal of Industrial Economics, 49: 119.
Google Scholar | Crossref | ISI

Wang, L., Judge, W. Q. 2012. Managerial ownership and the role of privatization in transition economies: The case of China. Asia Pacific Journal of Management, 29: 479498.
Google Scholar | Crossref

Whitley, R., Czaban, L. 1998. Institutional transformation and enterprise change in an emergent capitalist economy: The case of Hungary. Organization Studies, 19: 259280.
Google Scholar | SAGE Journals | ISI

Whitley, R., Henderson, J., Czaban, L. 1997. Ownership, control and the management of labour in an emergent capitalist economy: The case of Hungary. Organization, 4: 409432.
Google Scholar | SAGE Journals | ISI

Woidtke, T. 2002. Agents watching agents? Evidence from pension fund ownership and firm value. Journal of Financial Economics, 63: 99131.
Google Scholar | Crossref | ISI

Wright, M., Buck, T., Filatotchev, I. 2002. Post–Privatization Effects of Management and Employee Buy–outs. Annals of Public and Cooperative Economics, 73: 303352.
Google Scholar | Crossref

Wright, M., Hoskisson, R. E., Busenitz, L. W., Dial, J. 2000. Entrepreneurial growth through privatization: The upside of management buyouts. Academy of Management Review, 25: 591601.
Google Scholar | Crossref | ISI

Wu, H. L., Su, W. C., Lee, C. Y. 2008. Employee ownership motivation and individual risk-taking behaviour: A cross-level analysis of Taiwan’s privatized enterprises. The International Journal of Human Resource Management, 19: 23112331.
Google Scholar | Crossref | ISI

Xia, F., Walker, G. 2015. How much does owner type matter for firm performance? Manufacturing firms in China 1998–2007. Strategic Management Journal, 36: 576585.
Google Scholar | Crossref

Xu, K., Tihanyi, L., Hitt, M. A. 2017. Firm resources, governmental power, and privatization. Journal of Management, 43: 9981024.
Google Scholar | SAGE Journals | ISI

Yarrow, G. 1986. Privatization in theory and practice. Economic Policy, 1: 323364.
Google Scholar | Crossref

Zahra, S. A., Ireland, R. D., Gutierrez, I., Hitt, M. A. 2000. Introduction to special topic forum privatization and entrepreneurial transformation: Emerging issues and a future research agenda. Academy of Management Review, 25: 509552.
Google Scholar | Crossref | ISI

Zhang, Y. F., Parker, D., Kirkpatrick, C. 2008. Electricity sector reform in developing countries: An econometric assessment of the effects of privatization, competition and regulation. Journal of Regulatory Economics, 33: 159-117.
Google Scholar | Crossref



Source link

Phone: 0.811.867.363
Fax: 0.811.867.362
80133, Napoli, Italy
Piazza Bovio 33