IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/27062.html
   My bibliography  Save this paper

Enterprise Performance, Privatization and the Role of Ownership in Poland

Author

Listed:
  • Tatahi, Motasam

Abstract

In both economically developed and developing countries, privatisation, budget austerity measures and market liberalisations have become key aspects of structural reform programs in the last three decades. These three recommended policies were parts of strong revival of classical and new-classical school of thought since the middle of 70s. Such programs aim to achieve higher microeconomic efficiency and foster economic growth, whilst also aspiring to reduce public sector borrowing requirements through the elimination of unnecessary subsidies. For firms to achieve superior performance a change in ownership from public (state ownership) to private has been recommended as a vital condition. To assess the ownership role, the economic performances of private, public and mixed enterprises in Poland is compared through the use of factor analysis method. The extracted factors, using data of two years, 1998 and 2000, do not pick ownership as a key performance factor.

Suggested Citation

  • Tatahi, Motasam, 2010. "Enterprise Performance, Privatization and the Role of Ownership in Poland," MPRA Paper 27062, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:27062
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/27062/1/MPRA_paper_27062.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Smith, Stephen C. & Cin, Beom-Cheol & Vodopivec, Milan, 1997. "Privatization Incidence, Ownership Forms, and Firm Performance: Evidence from Slovenia," Journal of Comparative Economics, Elsevier, vol. 25(2), pages 158-179, October.
    2. Megginson, William L & Nash, Robert C & van Randenborgh, Matthias, 1994. "The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis," Journal of Finance, American Finance Association, vol. 49(2), pages 403-452, June.
    3. Schmidt, Klaus M, 1996. "The Costs and Benefits of Privatization: An Incomplete Contracts Approach," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 12(1), pages 1-24, April.
    4. repec:bla:jfinan:v:53:y:1998:i:3:p:1081-1110 is not listed on IDEAS
    5. Frydman, R. & Hessel, M. & Rapaczynski, A., 1998. "Why Ownership Matters?: Politicization and Entrepreneurship in the Restructuring of Enterprises in Central Europe," Working Papers 98-14, C.V. Starr Center for Applied Economics, New York University.
    6. J. David Brown & John S. Earle & Almos Telegdy, 2006. "The Productivity Effects of Privatization: Longitudinal Estimates from Hungary, Romania, Russia, and Ukraine," Journal of Political Economy, University of Chicago Press, vol. 114(1), pages 61-99, February.
    7. repec:reg:rpubli:398 is not listed on IDEAS
    8. Kikeri, Sunita & Nellis, John & Shirley, Mary, 1994. "Privatization: Lessons from Market Economies," The World Bank Research Observer, World Bank, vol. 9(2), pages 241-272, July.
    9. Demirguc-Kunt, Asli & Levine, Ross & DEC, 1994. "The financial system and public enterprise reform : concepts and cases," Policy Research Working Paper Series 1319, The World Bank.
    10. Rafael La Porta & Florencio López-de-Silanes, 1999. "The Benefits of Privatization: Evidence from Mexico," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 114(4), pages 1193-1242.
    11. Frydman, Roman & Gray, Cheryl W. & Hessel, Marek & Rapaczynski, Andrzej, 1997. "Private ownership and corporate performance : some lessons from transition economies," Policy Research Working Paper Series 1830, The World Bank.
    12. Eckel, Catherine & Eckel, Doug & Singal, Vijay, 1997. "Privatization and efficiency: Industry effects of the sale of British Airways," Journal of Financial Economics, Elsevier, vol. 43(2), pages 275-298, February.
    13. Claessens,Constantijn A. & Djankov, Simeon, 1998. "Politicians and firms in seven central and eastern European countries," Policy Research Working Paper Series 1954, The World Bank.
    14. John Vickers & George Yarrow, 1988. "Privatization: An Economic Analysis," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262720116, April.
    15. A. Craig MacKinlay, 1997. "Event Studies in Economics and Finance," Journal of Economic Literature, American Economic Association, vol. 35(1), pages 13-39, March.
    16. Vernon-Wortzel, Heidi & Wortzel, Lawrence H., 1989. "Privatization: Not the only answer," World Development, Elsevier, vol. 17(5), pages 633-641, May.
    17. Shapiro, C. & Willing, D.R., 1990. "Economic Rationales For The Scope Of Privatization," Papers 41, Princeton, Woodrow Wilson School - Discussion Paper.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tatahi, Motasam, 2010. "Enterprise Performance, Privatization and the Role of Ownership in Norway," MPRA Paper 27060, University Library of Munich, Germany.
    2. Tatahi, Motasam, 2010. "Enterprise performance, privatization and the role of ownership in Austria," MPRA Paper 27053, University Library of Munich, Germany.
    3. Tatahi, Motasam, 2010. "Enterprise Performance, Privatization and the Role of Ownership in France," MPRA Paper 27056, University Library of Munich, Germany.
    4. Tatahi, Motasam, 2010. "Enterprise performance, privatization and the role of ownership in Finland," MPRA Paper 27055, University Library of Munich, Germany.
    5. Tatahi, Motasam, 2010. "Enterprise performance, privatization and the role of ownership in Belgium," MPRA Paper 27051, University Library of Munich, Germany.
    6. Tatahi, Motasam, 2010. "Enterprise performance, privatization and the role of ownership in Bulgaria," MPRA Paper 27054, University Library of Munich, Germany.
    7. Tatahi, Motasam, 2010. "Enterprise performance, privatization and the role of ownership in Germany," MPRA Paper 27057, University Library of Munich, Germany.
    8. Tatahi, Motasam, 2010. "Enterprise Performance, Privatization and the Role of Ownership in Italy," MPRA Paper 27059, University Library of Munich, Germany.
    9. Tatahi, Motasam, 2010. "Enterprise Performance, Privatization and the Role of Ownership in the UK," MPRA Paper 27065, University Library of Munich, Germany.
    10. Tatahi, Motasam, 2010. "Enterprise Performance, Privatization and the Role of Ownership in the Netherlands," MPRA Paper 27067, University Library of Munich, Germany.
    11. Tatahi, Motasam, 2010. "Enterprise Performance, Privatization and the Role of Ownership in Portugal," MPRA Paper 27063, University Library of Munich, Germany.
    12. Tatahi, Motasam, 2010. "Enterprise Performance, Privatization and the Role of Ownership in Sweden," MPRA Paper 27066, University Library of Munich, Germany.
    13. Tatahi, Motasam, 2010. "Enterprise Performance, Privatization and the Role of Ownership in Denmark," MPRA Paper 27064, University Library of Munich, Germany.
    14. Motasam Tatahi, 2013. "Enterprise Performance, Privatization and the Role of Ownership in Finland," Journal of Economics and Behavioral Studies, AMH International, vol. 5(3), pages 122-135.
    15. Motasam Tatahi, 2012. "Enterprise Performance, Privatization and the Role of Ownership in Bulgaria," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 10(2), pages 131-153.
    16. Dobrodey Vladimir & Gimadi Ilya & Perevalov Yuri, 2001. "The Impact of Privatisation on the Performance of Medium and Large Industrial Enterprises," EERC Working Paper Series 2k/01e, EERC Research Network, Russia and CIS.
    17. Mauricio Garrón B. & Carlos Gustavo Machicado & Katherina Capra, 2003. "Privatization in Bolivia: The Impact on Firm Performance," Research Department Publications 3154, Inter-American Development Bank, Research Department.
    18. Máximo Torero, 2002. "Peruvian Privatization: Impacts On Firm Performance," Research Department Publications 3169, Inter-American Development Bank, Research Department.
    19. Yurii Perevalov & Ilya Gimadii & Vladimir Dobrodei, 2000. "Does Privatisation Improve Performance of Industrial Enterprises? Empirical Evidence from Russia," Post-Communist Economies, Taylor & Francis Journals, vol. 12(3), pages 337-363.
    20. Alan Bevan & Saul Estrin & Mark E. Schaffer, 1999. "Determinants of Enterprise Performance during Transition," CERT Discussion Papers 9903, Centre for Economic Reform and Transformation, Heriot Watt University.

    More about this item

    Keywords

    Poland; efficiency; performance measure; privatization; factor analysis; public and private relationship; role of ownership;
    All these keywords.

    JEL classification:

    • L3 - Industrial Organization - - Nonprofit Organizations and Public Enterprise
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:pra:mprapa:27062. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    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.