Access the full text.
Sign up today, get DeepDyve free for 14 days.
Loading next page...
/lp/de-gruyter/the-impact-of-privatization-on-economic-performance-in-european-RM5UciLRsv
- Publisher
- de Gruyter
- Copyright
- Copyright © 2012 by the
- ISSN
- 1145-6396
- eISSN
- 1145-6396
- DOI
- 10.1515/1145-6396.1252
- Publisher site
- See Article on Publisher Site
Abstract
The objective of this paper is to analyze the effect of privatization on the performance of firms by using a panel data set of 38 companies that were privatized in Europe. We compare the profit, profitability, total product, operating efficiency, net income, employment, leverage and risk of these SOEs before and after their privatization. The legal environment, regulation, goals of privatization and competition characterize each sector, which is why we split the total sample into sectors. Our results indicate that the performance of companies in the utility industry is significantly better after privatization; however, we cannot assert this for the other sectors.
Journal
Journal des Économistes et des Études Humaines – de Gruyter
Published: May 16, 2012