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Foreign Participation and Hiring Patterns after Privatization

Author

Listed:
  • Alberto Chong
  • Virgilio Galdo

Abstract

Critics of globalization claim that foreign ownership of privatized firms is linked to negative post‐privatization labor outcomes, such as more firing and less hiring. This paper uses new firm‐level data for a cross‐section of countries to test this idea and provides evidence that foreign purchasers of state‐owned enterprises tend to acquire firms that were already better restructured before privatization. Additionally, this paper does not find evidence that foreign participation in privatized firms is linked to negative labor outcomes.

Suggested Citation

  • Alberto Chong & Virgilio Galdo, 2009. "Foreign Participation and Hiring Patterns after Privatization," LABOUR, CEIS, vol. 23(1), pages 195-207, March.
    • Handle: RePEc:bla:labour:v:23:y:2009:i:1:p:195-207
    DOI: 10.1111/j.1467-9914.2008.00447.x
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    References listed on IDEAS

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    1. Chong, Alberto & Lopez-de-Silanes, Florencio, 2002. "Privatization and labor force restructuring around the world," Policy Research Working Paper Series 2884, The World Bank.
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    Full references (including those not matched with items on IDEAS)

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