Experience with Privatisation: A New Institutional Economics Perspective

Experience with Privatisation: A New Institutional Economics Perspective

Does privatisation or corporatisation under state ownership produce better performance in cases where institutions are weak? This paper hypothesises that privatisation will dominate corporatisation in regulated industries when it increases competition or contestability or motivates private owners to...

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Veröffentlicht in:Journal of African economies 2002-02, Vol.11 (suppl-1), p.10-31
1. Verfasser: Shirley, M. M.
Format: Artikel
Sprache:eng
Schlagworte:
Corporate governance
Ghana
Neoinstitutionalism
Privatization
Sub-Saharan Africa
Telecommunications
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container_end_page 31
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container_title Journal of African economies
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creator Shirley, M. M.
description Does privatisation or corporatisation under state ownership produce better performance in cases where institutions are weak? This paper hypothesises that privatisation will dominate corporatisation in regulated industries when it increases competition or contestability or motivates private owners to invest and maximise profits. It might also dominate if it makes use of reputation for enforcing contracts. The paper illustrates the argument using data from four case studies of telecommunications and water in Africa and calls for more research on a larger sample in order to test the theory.
doi_str_mv 10.1093/jafeco/11.suppl_1.10
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ispartof Journal of African economies, 2002-02, Vol.11 (suppl-1), p.10-31
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source Oxford University Press Journals All Titles (1996-Current)
subjects Corporate governance
Ghana
Neoinstitutionalism
Privatization
Sub-Saharan Africa
Telecommunications
title Experience with Privatisation: A New Institutional Economics Perspective
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