Explaining the Variance in the Performance Effects of Privatization
- 1 July 2000
- journal article
- Published by Academy of Management in Academy of Management Review
- Vol. 25 (3), 581-590
- https://doi.org/10.5465/amr.2000.3363520
Abstract
Agency and public choice theories of privatization indicate that a privatized firm's performance will improve on average, but they do not include an explanation of the observed variance in this result. We argue that organizational and contextual variables need to be considered in order to explain that variance. We develop a model and propositions about the changes that privatization triggers in the firm's management, governance structure, goals, incentives, control, strategy, and organization.This publication has 32 references indexed in Scilit:
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