Leviathan resists : the endogenous relationship between privatization and firm performance

Arin, K. Peren and Ulubasoglu, Mehmet Ali 2009, Leviathan resists : the endogenous relationship between privatization and firm performance, Public choice, vol. 140, no. 1-2, pp. 185-204.

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Title Leviathan resists : the endogenous relationship between privatization and firm performance
Author(s) Arin, K. Peren
Ulubasoglu, Mehmet Ali
Journal name Public choice
Volume number 140
Issue number 1-2
Start page 185
End page 204
Publisher Springer New York LLC
Place of publication New York, N.Y.
Publication date 2009-07
ISSN 0048-5829
1573-7101
Keyword(s) privatization
firm performance
simultaneous equations
Summary Using 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.
Language eng
Field of Research 140213 Public Economics- Public Choice
Socio Economic Objective 940204 Public Services Policy Advice and Analysis
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2009, Springer Science+Business Media, LLC
Persistent URL http://hdl.handle.net/10536/DRO/DU:30021512

Document type: Journal Article
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
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