File(s) under permanent embargo
Leviathan resists : the endogenous relationship between privatization and firm performance
journal contribution
posted on 2009-07-01, 00:00 authored by K Arin, Mehmet UlubasogluMehmet UlubasogluUsing 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.
History
Journal
Public choiceVolume
140Issue
1-2Pagination
185 - 204Publisher
Springer New York LLCLocation
New York, N.Y.Publisher DOI
ISSN
0048-5829eISSN
1573-7101Language
engPublication classification
C1 Refereed article in a scholarly journalCopyright notice
2009, Springer Science+Business Media, LLCUsage metrics
Categories
No categories selectedKeywords
Licence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC