A multilevel model of privatization in emerging economies

• 成果类型: Review
• 署名作者: Ramamurti, R
• 署名单位: Northeastern University
• 刊物名称: ACADEMY OF MANAGEMENT REVIEW
• ISSN/ISSBN: 0363-7425
• DOI: 10.2307/259308
• 发表日期: 2000
• 页码: 525-550
• 关键词: State-owned enterprises; operating performance; developing-countries; INSTITUTIONAL INNOVATION; PRIVATE; FIRMS; COMPETITION; EFFICIENCY; PRIVATISATION; constraints

摘要

Why are so many emerging economies privatizing state-owned enterprises, and how does that affect their performance? I propose a dynamic multilevel model to answer these questions. Firm-level arguments need to be complemented by industry- and country-level arguments to explain why some enterprises are privatized but not others. Similarly, changes in firm governance resulting from privatization are only one determinant of postprivatization performance: changes in industry structure, regulation and country-level variables are as important. Furthermore, changes introduced at all three levels in one round of reform influence the context within which subsequent privatizations occur.