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Privatization and Stakeholder Governance:Theoretical and Methodological issues;Privatisation et gouvernance partenariale enjeux théoriques et méthodologiques

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Une revue des arguments théoriques et des résultats empiriques sur la relation particulière privatisation-performance montre que l'hypothèse d'accroissement de performance induit par la privatisation est encore très controversée. Nous développons une approche partenariale de la théorie de la gouvernance et démontrons sa portée explicative dans la compréhension de la dynamique organisationnelle sous-jacente à la privatisation. Nous concluons sur ses perspectives de développement afin d'approfondir notre compréhension de la performance des organisations, de leur blocage et de leur évolution. A survey of theoretical arguments and empirical evidence about relationship between privatization and performance shows that the well-accepted hypothesis of performance increase after privatization is still much debated. We develop a stakeholder approach of corporate governance theory. We analyze its explanatory power to understand more qualitatively how firms evolve when they are privatised. In return, we conclude on the future research agenda of the stakeholder corporate theory so as to deepen our understanding of organizational dynamics in its broadest sense, in terms of organizational performance, freeze and evolution.

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Paper provided by Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations in its series Working Papers CREGO with number 1030101.

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Length: 39 pages
Date of creation: Jan 2003
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Handle: RePEc:dij:wpfarg:1030101

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Postal: 2 Bd Gabriel, BP 26611, 21066 Dijon Cedex, France

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Postal: Angèle Renaud, CREGO, 2 Bd Gabriel, BP 26611, 21066 Dijon Cedex, France
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Keywords: approche qualitative; efficience; gouvernance; privatisation; processus décisionnel; valeur partenariale; qualitative approach; efficiency; corporate governance; privatization; decision-making-process; stakeholder value;

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