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Incumbent employees' resistance to implementing privatization policy

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  • Druk-Gal, Bat-Sheva
  • Yaari, Varda
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    Article provided by Elsevier in its journal Journal of Economic Behavior & Organization.

    Volume (Year): 59 (2006)
    Issue (Month): 3 (March)
    Pages: 374-405

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    Handle: RePEc:eee:jeborg:v:59:y:2006:i:3:p:374-405

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    5. Alexandre, Herve & Charreaux, Gerard, 2004. "Efficiency of French privatizations: a dynamic vision," Journal of Corporate Finance, Elsevier, vol. 10(3), pages 467-494, June.
    6. Djankov, Simeon, 1999. "Ownership structure and enterprise restructuring in six newly independent states," Policy Research Working Paper Series 2047, The World Bank.
    7. Megginson, William L & Nash, Robert C & van Randenborgh, Matthias, 1994. " The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis," Journal of Finance, American Finance Association, vol. 49(2), pages 403-52, June.
    8. Coricelli, Fabrizio & Djankov, Simeon, 2001. "Hardened Budgets and Enterprise Restructuring: Theory and an Application to Romania," CEPR Discussion Papers 2950, C.E.P.R. Discussion Papers.
    9. William L. Megginson & Robert C. Nash & Matthias Randenborgh, 1996. "The Record On Privatization," Journal of Applied Corporate Finance, Morgan Stanley, vol. 9(1), pages 23-35.
    10. Boardman, Anthony E & Vining, Aidan 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, University of Chicago Press, vol. 32(1), pages 1-33, April.
    11. Hillman, Arye L., 1992. "Progress with privatization," Journal of Comparative Economics, Elsevier, vol. 16(4), pages 733-749, December.
    12. Nandini Gupta & John Ham & Jan Svejnar, 2000. "Priorities and Sequencing in Privatization: Theory and Evidence from the Czech Republic," Econometric Society World Congress 2000 Contributed Papers 1580, Econometric Society.
    13. De Fraja, Giovanni, 1993. "Unions and Wages in Public and Private Firms: A Game-Theoretic Analysis," Oxford Economic Papers, Oxford University Press, vol. 45(3), pages 457-69, July.
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    22. Drook-Gal, Bat-Sheva & Epstein, Gil S. & Nitzan, Shmuel, 2004. "Contestable privatization," Journal of Economic Behavior & Organization, Elsevier, vol. 54(3), pages 377-387, July.
    23. Simeon Djankov & Peter Murrell, 2002. "Enterprise Restructuring in Transition: A Quantitative Survey," Journal of Economic Literature, American Economic Association, vol. 40(3), pages 739-792, September.
    24. John Vickers & George Yarrow, 1988. "Privatization: An Economic Analysis," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262720116, December.
    25. Rafael La Porta & Florencio López-De-Silanes, 1999. "The Benefits Of Privatization: Evidence From Mexico," The Quarterly Journal of Economics, MIT Press, vol. 114(4), pages 1193-1242, November.
    26. Bennedsen, Morten, 2000. "Political ownership," Journal of Public Economics, Elsevier, vol. 76(3), pages 559-581, June.
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    28. Jan Svejnar & Evzen Kocenda, 2002. "The Effects of Ownership Forms and Concentration on Firm Performance after Large-Scale Privatization," William Davidson Institute Working Papers Series 471, William Davidson Institute at the University of Michigan.
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    37. Froud, Julie, et al, 2000. "Restructuring for Shareholder Value and Its Implications for Labour," Cambridge Journal of Economics, Oxford University Press, vol. 24(6), pages 771-97, November.
    38. Fernandez, Raquel & Rodrik, Dani, 1991. "Resistance to Reform: Status Quo Bias in the Presence of Individual-Specific Uncertainty," American Economic Review, American Economic Association, vol. 81(5), pages 1146-55, December.
    39. Schmidt, Klaus M., 1996. "The costs and benefits of privatization: An incomplete contracts approach," Munich Reprints in Economics 19773, University of Munich, Department of Economics.
    40. Roman Frydman & Cheryl Gray & Marek Hessel & Andrzej Rapaczynski, 1999. "When Does Privatization Work? The Impact Of Private Ownership On Corporate Performance In The Transition Economies," The Quarterly Journal of Economics, MIT Press, vol. 114(4), pages 1153-1191, November.
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    Cited by:
    1. J. DavidBrown & JohnS. Earle & �lmos Telegdy, 2010. "Employment and Wage Effects of Privatisation: Evidence from Hungary, Romania, Russia and Ukraine," Economic Journal, Royal Economic Society, vol. 120(545), pages 683-708, 06.
    2. Adam Szentpeteri & Almos Telegdy, 2009. "Political Selection of Firms into Privatization Programs. Evidence from Romanian Comprehensive Data," IEHAS Discussion Papers 0916, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences.

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