Privatisation: is it a real threat for managers?
The privatisation process in Italy is going on but for the biggest firms it is till in progress. Given the context, it is difficult to test the performances after privatisation. However it is possible to analyse the behaviour of the firms during the years immediately close to privatisation.The research compares the four years before privatisation with the previous years. Using a panel of 10 firms, working prevalently in public utility sectors, it is possible to see a significant improvement of efficiency and profitability during the last period before privatisation. The results seem due to two main factors: the reduction of political interference and the risk to be replaced as a real threat for managers of state owned firms.
|Length:||34 pages Keywords :|
|Date of creation:||Dec 2000|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.ceris.cnr.it/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:csc:cerisp:200008. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Enrico Viarisio)or (Anna Perin) or (Giancarlo Birello)
If references are entirely missing, you can add them using this form.