IDEAS home Printed from https://ideas.repec.org/a/sae/chnrpt/v43y2007i2p187-194.html
   My bibliography  Save this article

Privatising the Public Sector

Author

Listed:
  • C.P. Chandrashekhar

    (C.P. Chandrashekhar is in Centre for Economic Studies and Planning, School of Social Sciences, Jawaharlal Nehru University, New Delhi 110067. E-mail: cpc@mail.jnu.ac.in)

Abstract

Privatisation can be defined as the change in ownership of state-owned firms through sale of equity to private individuals or entities and leading to complete private control and management. Means of privatisation are disinvestment through sale of private equity through the stock market; auction or negotiated sale of a controlling block or a majority shareholding to a chosen party; and sale through a voucher system that seeks to provide the ultimate owners (the people) or workers in enterprises an implicit stake in state-owned assets. Progress has been quick and substantial in Russia, slower but now significant in China, and halting and concentrated in profit-making enterprises in India. In all three cases privatisation seems to have been driven in practice by irrational short term considerations or purely ideological motivations. In any event, the acceptability of the process in an accounting sense and its integrity has been brought into question.

Suggested Citation

  • C.P. Chandrashekhar, 2007. "Privatising the Public Sector," China Report, , vol. 43(2), pages 187-194, April.
    • Handle: RePEc:sae:chnrpt:v:43:y:2007:i:2:p:187-194
    DOI: 10.1177/000944550704300207
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/000944550704300207
    Download Restriction: no
    File URL: https://libkey.io/10.1177/000944550704300207?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
    ---><---

    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:sae:chnrpt:v:43:y:2007:i:2:p:187-194. 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: SAGE Publications (email available below). General contact details of provider: .

    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.