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Privatization Policy And Enterprise Performance
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Book Synopsis Privatization Policy and Enterprise Performance by : Eoin Reeves
Download or read book Privatization Policy and Enterprise Performance written by Eoin Reeves and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compared to other industrialized economies Ireland has been slow to privatize state-owed enterprises. The first divestitures in 1991 failed to trigger a systematic programme of sell-offs due to fears of job losses in an economy characterized by low rates of growth and high levels of unemployment. Where subsequent sales occurred they took place on a pragmatic and case-by-case basis with the reasons for privatization varying across companies. Some of the earlier sales took place because the enterprises were financially unviable whereas more recent sales can be attributed to the influence of EU policy on competition and restrictions on state aids. Since the privatization of the state telecommunications company in 1999 there has been a significant increase in privatization activity and most of the remaining public enterprises are candidates for divestiture. By 2001 total revenues amounted to 8.1 bn euro (9 percent of GNP for 2001). A consistent justification for privatization has been that a change in ownership will lead to improved performance. The analysis in this paper fails to support this argument. At this early stage of the programme the experience has been for cost-cutting measures to lead to improved performance prior to privatization with little evidence of continued improvements after divestiture.
Download or read book Privatization written by Graeme Hodge and published by Routledge. This book was released on 2018-03-09 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contracting out public sector services and divesting public enterprises are reforms that have enjoyed widespread global popularity in recent years. Better services, lower prices and greater accountability are the promises made by politicians, senior executives, and investment companies when functions are moved from the public sector to private enterprise. But in Privatization, Graeme A. Hodge challenges these assumptions. Through an examination of hundreds of international studies on the performance of privatization activities, Hodge demonstrates that privatizing public services is often not the guaranteed panacea portrayed by its political supporters. Importantly, privatization activities can lead to modest gains, but there are also winners and losers in this reform. It therefore deserves far more care and balanced debate than it usually attracts.
Book Synopsis Privatization and Public Enterprises by : Richard Hemming
Download or read book Privatization and Public Enterprises written by Richard Hemming and published by . This book was released on 2006 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper considers whether privatization is an appropriate response to the problems associated with large public enterprise sectors in industrial and developing countries. It is argued that privatization is likely to be the source of some gains in efficiency, as privatized enterprises are less susceptible to political interference, management incentives are improved, and government financial backing is withdrawn. However, more significant gains can be expected from measures that result in public or privatized enterprises being subjected to competitive pressures, and attempts to improve upon incentive and control mechanisms currently used to influence public enterprise performance. From the fiscal point of view, only if there are associated improvements in efficiency can privatization be of benefit to the budget.
Book Synopsis Privatization and Enterprise Performance in Nigeria by : Afeikhena Jerome
Download or read book Privatization and Enterprise Performance in Nigeria written by Afeikhena Jerome and published by . This book was released on 2008 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Public Enterprise Management and Privatisation by : Laxmi Narain
Download or read book Public Enterprise Management and Privatisation written by Laxmi Narain and published by S. Chand Publishing. This book was released on 2005 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: A number of public enterprise (PE) executives have long felt the need for a book which would provide necessary information and analysis of various dimensions of PE management and privatisation. The book provides at one place, a precise and authoritative account of the concept, policy, and analysis of major issues confronting PEs. Public ownership per se does not make PE performance sub-optimal. The operation of the Government system, of which PE is a sub-system, has not been conducive to performance. During the last six decades, inadequate political will and vested interests have come in the way of freeing PEs from excessive and throttling controls, and demoralising accountability. Not letting the managers manage with the freedom required in the liberalised and globalised set-up is the problem. The multifarious and complex managerial problems of PEs, which get compounded by faltering moves towards privatisation, cannot be wished away. These have been considered in the book at some length. The book, first published in 1980, continues to be a standard work on the subject. This latest edition has been revised by Dr. R.K.Mishra, Director, Institute of Public Enterprise,Hyderabad.
Download or read book Privatization written by Sunita Kikeri and published by World Bank Publications. This book was released on 2005 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper takes stock of recent privatization trends, examines the extent to which government ownership is still prevalent in developing countries, and summarizes emerging issues for state enterprise reform going forward. Between 1990 and 2003, 120 developing countries carried out nearly 8,000 privatization transactions and raised $410 billion in privatization revenues. Privatization activity peaked in 1997 and dropped off in the late 1990s and, while still at overall low levels, is slowly creeping back. While there are a large number of studies assessing the impact of privatization on enterprise performance and overall welfare, there are no systematic data on the extent to which privatization has changed the role of state enterprises in the economy. Anecdotal evidence suggests that the state's role has been substantially reduced in Eastern and Central Europe and in certain countries in Latin America. But available evidence also suggests that, despite a long track record of privatization, government ownership in state enterprises is still widely prevalent in some regions and countries, and in certain sectors in virtually all regions. The paper shows that the costs of not reforming state enterprises are high and that continued efforts need to be made to improve their performance by improving privatization policies and institutions; adopting more of a case-by-case approach for complex sectors and countries; and exposing state enterprises to market discipline through new private entry and exit of unviable firms and improvements in their corporate governance. "--World Bank web site.
Book Synopsis Privatization Or Public Enterprise Reform? by : Ali Farazmand
Download or read book Privatization Or Public Enterprise Reform? written by Ali Farazmand and published by Praeger. This book was released on 2001 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the complex question, "Is privatisation a good public policy?"
Book Synopsis Privatization and Control of State-owned Enterprises by : Ravi Ramamurti
Download or read book Privatization and Control of State-owned Enterprises written by Ravi Ramamurti and published by World Bank Publications. This book was released on 1991 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Enterprise Performance and Privatization by : Aziz Turhan
Download or read book Enterprise Performance and Privatization written by Aziz Turhan and published by . This book was released on 2004 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Privatization and Public Enterprises by : Mr.Richard Hemming
Download or read book Privatization and Public Enterprises written by Mr.Richard Hemming and published by International Monetary Fund. This book was released on 1998-09-15 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role that privatization can play within a wider strategy designed to overcome the problems associated with public enterprises. For this purpose, privatization is defined as a transfer of ownership and control from the public to the private sector, with particular reference to asset sales. It is therefore equated with total or partial denationalization. Economic efficiency is not only the key to improving the performance of the public enterprise sector, but is also the source of other gains often attributed to privatization, in particular, its favorable budgetary impact. To public enterprises that are subject to national or international competition, privatization offers the possibility of increased productive efficiency as government financial backing is withdrawn and bankruptcy and takeover become possibilities. The admissibility and desirability of privatization, as well as what types of enterprise should be privatized, ought to be determined by similar considerations in both industrial and developing countries.
Book Synopsis The Promise of Privatization by : Raymond Vernon
Download or read book The Promise of Privatization written by Raymond Vernon and published by . This book was released on 1988 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Determinants of Privatized Enterprise Performance in Russia by : Manuela Angelucci
Download or read book The Determinants of Privatized Enterprise Performance in Russia written by Manuela Angelucci and published by . This book was released on 2002 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Privatization written by Emanuel S. Savas and published by . This book was released on 1987 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: An examination of privatization. This book deals with a variety of topics connected to this subject, including the characteristics of privatization alternatives, its applications in protective and human services, and problems which can occur with privatization.
Book Synopsis Privatization and State-Owned Enterprises by : Paul W. Macavoy
Download or read book Privatization and State-Owned Enterprises written by Paul W. Macavoy and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is divided into three major sections. The first presents a theoretical discussion that underlies the other essays. The second section deals with privatization issues from the perspective of the United States. The third describes research addressed to the U. K. and Canada. In the first chapter, Richard Zeckbauser and Murray Horn develop a wide-ranging theoretical framework for assessing the capabilities and role of state-owned enterprises; it provides a foundation for the analyses that follow. In The Control and Perfonnance o[ State-Owned Enterprises , they describe state-owned enterprises as an extreme case of the separation of ownership and control. The focus is on management --the incentives it faces and the conflicts to which it is subjected. The distinguishing characteristics of public enterprise, the authors suggest, give it a comparative advantage over both public bureaucracy and private enterprise in certain situations. They argue that legislators are more likely to prefer SOEs over private enterprise when the efficiency of private enterprise is undermined by regulation or the tbreat of opportunistic state action, when the informational demands of subsidizing private production to meet distributional objectives are high, when it is difficult to assign property rights, or when state ownership is ideologically appealing. These considerations suggest why SOEs are usually assigned special rights and responsibilities, and they help explain observed regularities in the distribution of SOEs across countries and sectors. Zeckhauser and Horn apply principal-agent theory to identify the key factors underlying the performance of state-owned enterprises.
Book Synopsis Privatization in Competitive Sectors by : Sunita Kikeri
Download or read book Privatization in Competitive Sectors written by Sunita Kikeri and published by World Bank Publications. This book was released on 2002 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Privatisation and Public Enterprise by : Geeta Gouri
Download or read book Privatisation and Public Enterprise written by Geeta Gouri and published by . This book was released on 1991 with total page 756 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Privatisation Policy and Performance by : Paul Cook
Download or read book Privatisation Policy and Performance written by Paul Cook and published by Prentice Hall. This book was released on 1995 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited collection analyzes the success of market liberalisation and privatization policies in the developed world and in transitional and developing countries' economies. The book analyzes the privatization issues that dominate the policy agenda in the West, Eastern Europe, Latin America, South East Asia and Africa; offers an international comparison of privatization policies, experience and performance; and presents a non-technical, discursive approach overall. This work is intended for use on courses in Development Economics, East European Economics, Economics of Transition, Economic Policy, and Industrial Economics or Public Sector Economics where the emphasis is on privatization issues. No prerequisite required.
