IDEAS home Printed from https://ideas.repec.org/a/taf/jecprf/v22y2019i4p384-398.html
   My bibliography  Save this article

An empirical analysis of disinvestment policy in India: does ideology matter?

Author

Listed:
  • Ritika Jain
  • Shubhro Sarkar

Abstract

Using panel data estimation for limited dependent variables and sample selection models, we identify political, industry specific, firm specific and macroeconomic variables which influenced the decision to divest central public enterprises in India between 1991–2010. We find that higher partial privatization is driven by a more right-winged coalition, lower ideological spread in the coalition and lower ideological difference between the center and the state in which the public enterprise is located. We also find that after the government selects larger, more experienced and more profitable firms, it divests the relatively less experienced and less profitable firms to a larger extent.

Suggested Citation

  • Ritika Jain & Shubhro Sarkar, 2019. "An empirical analysis of disinvestment policy in India: does ideology matter?," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 22(4), pages 384-398, October.
    • Handle: RePEc:taf:jecprf:v:22:y:2019:i:4:p:384-398
    DOI: 10.1080/17487870.2018.1457961
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/17487870.2018.1457961
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/17487870.2018.1457961?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ritika Jain, 2022. "State Ownership and Dividend Decisions: Economic Versus Political Determinants," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 20(1), pages 23-42, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jecprf:v:22:y:2019:i:4:p:384-398. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/GPRE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.