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, doi: 10.1007/s11127-009-9418-y.

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Title Leviathan resists : the endogenous relationship between privatization and firm performance
Author(s) Arin, K. Peren
Ulubasoglu, Mehmet AliORCID iD for Ulubasoglu, Mehmet Ali orcid.org/0000-0003-3055-5755
Journal name Public choice
Volume number 140
Issue number 1-2
Start page 185
End page 204
Total pages 20
Publisher Springer New York LLC
Place of publication New York, N.Y.
Publication date 2009-07
ISSN 0048-5829
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
DOI 10.1007/s11127-009-9418-y
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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