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The efficiency of state-owned and privatized firms: Does ownership make a difference?

Listed author(s):
  • Arocena, Pablo
  • Oliveros, Diana
Registered author(s):

    This paper compares the pre- and post-privatization efficiency of a sample of state-owned enterprises privatized in Spain with the efficiency of their closest private competitors. We perform a two-stage double bootstrap data envelopment analysis model. In the first stage the efficiency is estimated through a bootstrapped data envelopment analysis, and then followed in the second stage by a bootstrapped truncated regression. Our results provide evidence that (i) there were no significant differences in efficiency between the state-owned enterprises and their private counterparts before privatization; and (ii) the efficiency of newly privatized firms significantly increased after their privatization, while private competitors showed no significant improvement during the same post-privatization period.

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    File URL: http://www.sciencedirect.com/science/article/pii/S0925527312002745
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    Article provided by Elsevier in its journal International Journal of Production Economics.

    Volume (Year): 140 (2012)
    Issue (Month): 1 ()
    Pages: 457-465

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    Handle: RePEc:eee:proeco:v:140:y:2012:i:1:p:457-465
    DOI: 10.1016/j.ijpe.2012.06.029
    Contact details of provider: Web page: http://www.elsevier.com/locate/ijpe

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