Before and after privatization: a comparison between competitive firms
AbstractThe analysis regarding the results of firms privatized mainly during the Eighties within competitive sectors confirms the superiority of private control. The comparison between suitable control samples shows an improvement in profitability associated to a clear progress in labour productivity. However, for many firms, this recovery was still insufficient to guarantee an active and lasting presence on the market. This evolution questions the functioning of the market, the selectivity of the financial operators and the incentive system used in the past as an industrial policy tool.
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Bibliographic InfoPaper provided by Institute for Economic Research on Firms and Growth - Moncalieri (TO) in its series CERIS Working Paper with number 199802.
Length: 28 pages Keywords : Privatization, Profitability, Competition
Date of creation: Jun 1998
Date of revision:
Find related papers by JEL classification:
- L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
- L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
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