Leviathan resists : the endogenous relationship between privatization and firm performance
Data(s) |
01/07/2009
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Resumo |
Using a panel dataset of privatized cement firms in Turkey, this paper models and finds support for the simultaneous relationship between privatization and firm performance. It is found that favorable short-run performance, weak market potential, higher employment, lower socio-economic development, concentrated voter preferences, and weaker representation of right-wing parties in the firms’ locality delay the timing of privatization. The paper also finds that privatization increases output in the medium-term by reducing the labor stock and promoting the adoption of more advanced technology, such that production shifts from constant to decreasing returns to scale.<br /> |
Identificador | |
Idioma(s) |
eng |
Publicador |
Springer New York LLC |
Relação |
http://dro.deakin.edu.au/eserv/DU:30021512/ulubasoglu-leviathanresists-2009.pdf http://dro.deakin.edu.au/eserv/DU:30021512/ulubasoglu-leviathanresists-evidence-2009.pdf http://dx.doi.org/10.1007/s11127-009-9418-y |
Direitos |
2009, Springer Science+Business Media, LLC |
Palavras-Chave | #privatization #firm performance #simultaneous equations |
Tipo |
Journal Article |