메뉴 건너뛰기




Volumn 32, Issue 6, 2004, Pages 1019-1041

The performance of state-owned enterprises and newly privatized firms: Does privatization really matter?

Author keywords

Egypt; Middle East; Privatization; SOEs

Indexed keywords

INDUSTRIAL PERFORMANCE; PRIVATIZATION; SPILLOVER EFFECT; STATE OWNED ENTERPRISE;

EID: 13144290132     PISSN: 0305750X     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.worlddev.2004.01.006     Document Type: Article
Times cited : (80)

References (32)
  • 1
    • 0003994492 scopus 로고
    • Economic factors at work
    • The Liberty Fund Indianapolis, IN
    • Alchian A. Economic factors at work 1977 The Liberty Fund Indianapolis, IN
    • (1977)
    • Alchian, A.1
  • 2
    • 0030194534 scopus 로고    scopus 로고
    • Detecting abnormal operating performance: The empirical power and specification of test statistics
    • Barber B. & Lyon J. Detecting abnormal operating performance: the empirical power and specification of test statistics Journal of Financial Economics 41 1996 359-399
    • (1996) Journal of Financial Economics , vol.41 , pp. 359-399
    • Barber, B.1    Lyon, J.2
  • 3
    • 84935958484 scopus 로고
    • Ownership and performance in competitive environment: A comparison of the performance of private, mixed and state-owned enterprises
    • Boardman A. & Vining A. Ownership and performance in competitive environment: A comparison of the performance of private, mixed and state-owned enterprises Journal of Law and Economic 17 1989 497-508
    • (1989) Journal of Law and Economic , vol.17 , pp. 497-508
    • Boardman, A.1    Vining, A.2
  • 4
    • 0004442622 scopus 로고    scopus 로고
    • The financial and operating performance of newly-privatized firms: Evidence from developing countries
    • Boubakri N. & Cosset J. The financial and operating performance of newly-privatized firms: Evidence from developing countries Journal of Finance 53 1998 1081-1110
    • (1998) Journal of Finance , vol.53 , pp. 1081-1110
    • Boubakri, N.1    Cosset, J.2
  • 6
    • 84939793498 scopus 로고
    • On the existence of optimal capital structure: Theory and evidence
    • Bradley M. Jarrell G. & Kim H. On the existence of optimal capital structure: Theory and evidence Journal of Finance 39 1984 857-878
    • (1984) Journal of Finance , vol.39 , pp. 857-878
    • Bradley, M.1    Jarrell, G.2    Kim, H.3
  • 7
    • 0000360606 scopus 로고
    • The relative efficiency of public and private firms in a competitive environment: The case of Canadian railroads
    • Caves D. & Christensen L. The relative efficiency of public and private firms in a competitive environment: The case of Canadian railroads Journal of Political Economy 88 1980 958-976
    • (1980) Journal of Political Economy , vol.88 , pp. 958-976
    • Caves, D.1    Christensen, L.2
  • 8
    • 0031499380 scopus 로고    scopus 로고
    • Characteristics of privatization: Evidence from developed, less developed, and former communist countries
    • Castro J. & Uhlenbruck K. Characteristics of privatization: evidence from developed, less developed, and former communist countries Journal of International Business Studies 28 1997 123-143
    • (1997) Journal of International Business Studies , vol.28 , pp. 123-143
    • Castro, J.1    Uhlenbruck, K.2
  • 9
    • 0000957355 scopus 로고    scopus 로고
    • State-owned and privately-owned firms: An empirical analysis of profitability, leverage, and labor intensity
    • Dewenter K. & Malatesta P. State-owned and privately-owned firms: An empirical analysis of profitability, leverage, and labor intensity American Economic Review 91 2001 320-334
    • (2001) American Economic Review , vol.91 , pp. 320-334
    • Dewenter, K.1    Malatesta, P.2
  • 10
    • 0011086176 scopus 로고    scopus 로고
    • The financial and operating performance of privatized firms during the 1990s
    • D'Souza J. & Megginson W. The financial and operating performance of privatized firms during the 1990s Journal of Finance 54 1999 1397-1424
    • (1999) Journal of Finance , vol.54 , pp. 1397-1424
    • D'Souza, J.1    Megginson, W.2
  • 11
    • 0003556723 scopus 로고    scopus 로고
    • Determinants of performance improvements in privatized firms: The role of restructuring and corporate governance
    • Working Paper, University of Oklahoma, Norman
    • D'Souza, J., Megginson, W., & Nash, R. (2001). Determinants of performance improvements in privatized firms: The role of restructuring and corporate governance. Working Paper, University of Oklahoma, Norman
    • (2001)
    • D'Souza, J.1    Megginson, W.2    Nash, R.3
  • 12
    • 13144278361 scopus 로고    scopus 로고
    • Privatization program performance from the start to February 2001
    • Egyptian Ministry of Public Enterprise Sector Cairo: MPES
    • Egyptian Ministry of Public Enterprise Sector (2001). Privatization program performance from the start to February 2001. Cairo: MPES
    • (2001)
  • 13
    • 0002714845 scopus 로고
    • The relative performance of publicly-owned and privately-owned electric utilities
    • Fare R. Grosskopf S. & Logan J. The relative performance of publicly-owned and privately-owned electric utilities Journal of Public Economics 26 1985 89-106
    • (1985) Journal of Public Economics , vol.26 , pp. 89-106
    • Fare, R.1    Grosskopf, S.2    Logan, J.3
  • 14
    • 34548494417 scopus 로고
    • The slow road to privatization
    • Field M. The slow road to privatization Euromoney 1995 12-13
    • (1995) Euromoney , pp. 12-13
    • Field, M.1
  • 15
    • 84979438231 scopus 로고
    • Airlines and airports: Privatization, competition and regulation
    • Forsyth P. Airlines and airports: Privatization, competition and regulation Fiscal Studies 5 1984 51-75
    • (1984) Fiscal Studies , vol.5 , pp. 51-75
    • Forsyth, P.1
  • 16
    • 0003027592 scopus 로고
    • Privatization: A conceptual framework: A comparative analysis of developed and developing countries
    • A. Ott, & K. Hartley (Eds.), Brookfield, VT: Edward dgar
    • Hartley K. & Parker D. Privatization: A conceptual framework: a comparative analysis of developed and developing countries In: Ott A. & Hartley K. (Eds.), Privatization and economic efficiency 1991 11-25 Edward dgar Brookfield, VT
    • (1991) Privatization and Economic Efficiency , pp. 11-25
    • Hartley, K.1    Parker, D.2
  • 18
    • 0031537060 scopus 로고    scopus 로고
    • The government as a shareholder: A case from the United States
    • Kole S. & Mulherin J.H. The government as a shareholder: a case from the United States Journal of Law and Economic 40 1997 1-22
    • (1997) Journal of Law and Economic , vol.40 , pp. 1-22
    • Kole, S.1    Mulherin, J.H.2
  • 20
    • 0032395623 scopus 로고    scopus 로고
    • Assessing comparative efficiency of the state-owned, mixed, and private sector in Indian industry
    • Majumdar S.K. Assessing comparative efficiency of the state-owned, mixed, and private sector in Indian industry Public Choice 96 1996 1-24
    • (1996) Public Choice , vol.96 , pp. 1-24
    • Majumdar, S.K.1
  • 21
    • 13144283733 scopus 로고    scopus 로고
    • Recent development in Egyptian investment policies and programs, and pending reform legislation
    • McKinney B.M. Recent development in Egyptian investment policies and programs, and pending reform legislation Middle East Executive Reports 19 1996 9-12
    • (1996) Middle East Executive Reports , vol.19 , pp. 9-12
    • McKinney, B.M.1
  • 22
    • 84993888589 scopus 로고
    • The financial and operating performance of newly privatized firms: An international empirical analysis
    • Megginson W. Nash R.C. & Randenborgh M. The financial and operating performance of newly privatized firms: An international empirical analysis Journal of Finance 49 1994 403-452
    • (1994) Journal of Finance , vol.49 , pp. 403-452
    • Megginson, W.1    Nash, R.C.2    Randenborgh, M.3
  • 23
    • 0001759920 scopus 로고    scopus 로고
    • From state to market: A survey on empirical studies on privatization
    • Megginson W. & Netter J. From state to market: A survey on empirical studies on privatization Journal of Economics Literature 39 2001 321-389
    • (2001) Journal of Economics Literature , vol.39 , pp. 321-389
    • Megginson, W.1    Netter, J.2
  • 26
    • 6544236721 scopus 로고
    • Transforming State Enterprises in Poland: Evidence on Adjustment by Manufacturing Firms
    • Pinto B. Belka M. & Krajewski S. Transforming State Enterprises in Poland: Evidence on Adjustment by Manufacturing Firms Brooking Papers on Economic Activity 1993 213-261
    • (1993) Brooking Papers on Economic Activity , pp. 213-261
    • Pinto, B.1    Belka, M.2    Krajewski, S.3
  • 27
    • 13144282786 scopus 로고    scopus 로고
    • Investing in Egypt
    • London: Committee for Middle East Trade
    • Road S. Investing in Egypt 1997 Committee for Middle East Trade London
    • (1997)
    • Road, S.1
  • 28
    • 0031462728 scopus 로고    scopus 로고
    • Testing the limits of privatization: Argentine railroads
    • Ramamurti R. Testing the limits of privatization: Argentine railroads World Development 25 1997 1973-1993
    • (1997) World Development , vol.25 , pp. 1973-1993
    • Ramamurti, R.1
  • 29
    • 0008794709 scopus 로고
    • Executive ownership interests and corporate performance
    • Stano M. Executive ownership interests and corporate performance Southern Economic Journal 42 1975 272-278
    • (1975) Southern Economic Journal , vol.42 , pp. 272-278
    • Stano, M.1
  • 30
    • 0040239072 scopus 로고    scopus 로고
    • State shareholding and corporate performance: A study of a unique Chinese data set
    • Working Paper, London Business School, London
    • Tian, G. L. (2000). State shareholding and corporate performance: a study of a unique Chinese data set. Working Paper, London Business School, London
    • (2000)
    • Tian, G.L.1
  • 32
    • 34249919271 scopus 로고
    • Ownership versus competition: Efficiency in public enterprise
    • Vining A. & Boardman A. Ownership versus competition: Efficiency in public enterprise Public Choice 37 1992 205-239
    • (1992) Public Choice , vol.37 , pp. 205-239
    • Vining, A.1    Boardman, A.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.