Privatisation and Corporate Performance

by David Parker (Editor)

Overview

This is a carefully edited selection of the most important articles concerning the impact of privatisation on corporate performance. It consists of 26 of the most significant papers on the subject previously published in leading journals around the world.

Following a new introductory overview of the subject by the editor, Privatisation and Corporate Performance is divided into four main sections. Part I features material on the theory of privatisation. Part II follows with empirical studies of state and private ownership. Part III consists of papers on empirical studies of privatisation. The final part focuses on outstanding issues of privatisation and corporate performance and includes pointers to future research.

This authoritative collection will be of particular interest to academics and students of privatisation and to managers, policymakers and consultants who are concerned with designing privatisation programmes.

Product Details

ISBN-13:	9781840644678
Publisher:	Edward Elgar Publishing
Publication date:	02/20/2001
Series:	The International Library of Critical Writings in Economics series , #123
Pages:	688
Product dimensions:	6.62(w) x 9.62(h) x (d)

About the Author

Edited by David Parker, formerly Research Professor in Privatisation and Regulation, Cranfield School of Management, Cranfield University, UK and Co-Director, Regulation Research Programme, Centre on Regulation and Competition, University of Manchester, UK

Table of Contents

Contents:
Acknowledgements
Introduction David Parker
PART I THE THEORY OF PRIVATISATION
1. James M. Buchanan (1978), ‘From Private Preferences to Public Philosophy: The Development of Public Choice’
2. David E. Sappington and Joseph E. Stiglitz (1987), ‘Privatization, Information and Incentives’
3. Carl Shapiro and Robert D. Willig (1990), ‘Economic Rationales for the Scope of Privatization’
4. John Vickers and George Yarrow (1991), ‘Economic Perspectives on Privatization’
5. Jean-Jacques Laffont and Jean Tirole (1991), ‘Privatization and Incentives’
6. Giovanni De Fraja (1993), ‘Productive Efficiency in Public and Private Firms’
7. Ellen M. Pint (1991), ‘Nationalization vs. Regulation of Monopolies: The Effects of Ownership on Efficiency’
8. Johan Willner (1996), ‘A Comment on Bradburd: “Privatisation of Natural Monopolies”’
9. Maxim Boycko, Andrei Shleifer and Robert W. Vishny (1996), ‘A Theory of Privatisation’
PART II EMPIRICAL STUDIES OF STATE AND PRIVATE OWNERSHIP
10. Thomas E. Borcherding, Werner Pommerehne and Friedrich Schneider (1982), ‘Comparing the Efficiency of Private and Public Production: The Evidence from Five Countries’
11. Robert Millward (1982), ‘The Comparative Performance of Public and Private Ownership’
12. Anthony Boardman, Ruth Freedman and Catherine Eckel (1986), ‘The Price of Government Ownership: A Study of the Domtar Takeover’
13. Anthony E. Boardman and Aiden R. Vining (1989), ‘Ownership and Performance in Competitive Environments: A Comparison of the Performance of Private, Mixed, and State-Owned Enterprises’
14. Matthew Bishop and David Thompson (1992), ‘Regulatory Reform and Productivity Growth in the UK’s Public Utilities’
15. Jonathan Haskel and Stefan Szymanski (1993), ‘Privatization, Liberalization, Wages and Employment: Theory and Evidence for the UK’
PART III EMPIRICAL STUDIES OF PRIVATISATION
16. Ahmed Galal, Leroy Jones, Pankaj Tandon and Ingo Vogelsang (1994), extract from ‘Divestiture: Questions and Answers’ and ‘Synthesis of Cases’
17. William L. Megginson, Robert C. Nash and Matthias van Randenborgh (1994), ‘The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis’
18. David Parker and Stephen Martin (1995), ‘The Impact of UK Privatisation on Labour and Total Factor Productivity’
19. V. Bhaskar and Mushtaq Khan (1995), ‘Privatization and Employment: A Study of the Jute Industry in Bangladesh’
20. Carl Greenidge (1997), ‘A Case of the Curate’s Egg: The Political Economy of Privatization in Guyana’
21. Narjess Boubakri and Jean-Claude Cossett (1998), ‘The Financial and Operating Performance of Newly Privatized Firms: Evidence from Developing Countries’
22. Giovanni Fraquelli and Fabrizio Erbetta (2000), ‘Privatization in Italy: An Analysis of Factor Productivity and Technical Efficiency’
PART IV PRIVATISATION AND CORPORATE PERFORMANCE: SOME OUTSTANDING ISSUES
23. J.A. Kay and D.J. Thompson (1986), ‘Privatisation: A Policy in Search of a Rationale’
24. Keith Cowling and Roger Sugden (1993), ‘A Strategy for Industrial Development as a Basis for Regulation’
25. Dieter Bös (1999), ‘Theoretical Perspectives on Privatisation: Some Outstanding Issues’
26. John Nellis (1999), ‘Time to Rethink Privatization in Transition Economies?’
Name Index

Editorial Reviews

A collection of theoretical and empirical papers, most written during the 1980s-90s, reflecting the controversy surrounding the impact of privatization on corporate performance. Material is in sections on the theory of privatization, empirical studies of state and private ownership, empirical studies of privatization, and issues in privatization and corporate performance. Specific topics include privatization and incentives, ownership and performance in competitive environments, the financial and operating performance of newly privatized firms, privatization and employment in Bangladesh's jute industry, and privatization in transition economies. Parker teaches business economics and strategy at Aston University, UK. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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