Privatization in Developing Countries : An Analysis of the Performance of Newly Privatized Firms
The privatization efforts of most developing countries are inhibited by embryonic financial markets, weak regulatory capacity, and a public sector that accounts for a large share of GDP. Many, particularly those with low per capita income, lack som...
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1998/11/441579/privatization-developing-countries-analysis-performance-newly-privatized-firms http://hdl.handle.net/10986/11529 |
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okr-10986-115292021-06-14T10:59:10Z Privatization in Developing Countries : An Analysis of the Performance of Newly Privatized Firms Boubakri, Narjess Cosset, Jean-Claude DEVELOPING COUNTRIES PRIVATIZATION STUDIES PERFORMANCE INDICATORS FIRMS PROFITS EFFICIENCY INVESTMENT OUTPUTS EMPLOYMENT DIVIDENDS FINANCIAL LEVERAGE LOW-INCOME ECONOMIES CAPITAL EXPENDITURES COMPETITIVE MARKETS DEBT DIVIDEND PAYOUT DIVIDENDS ECONOMIC GROWTH EMPIRICAL STUDIES EMPLOYMENT EXPENDITURES FIRMS INCOME INFLATION INSURANCE INVESTMENT SPENDING OIL OPERATING EFFICIENCY PAYOUT RATIO PRIVATIZATION PRODUCTIVITY PROFITABILITY PUBLIC ENTERPRISES RETURN ON SALES SHAREHOLDERS STATE ENTERPRISES WELFARE GAINS The privatization efforts of most developing countries are inhibited by embryonic financial markets, weak regulatory capacity, and a public sector that accounts for a large share of GDP. Many, particularly those with low per capita income, lack some of the main ingredients for a successful privatization, such as capital, entrepreneurs, and competent managers. But some of these countries have large markets and fast economic growth rates, features that make the success of government divestiture more likely. This Note describes the results of a study that set out to determine whether privatization is beneficial in the economic environments and institutional settings of these countries by examining how privatization affects firms' financial and operating performance in a broad set of developing countries. 2012-08-13T15:18:50Z 2012-08-13T15:18:50Z 1998-11 http://documents.worldbank.org/curated/en/1998/11/441579/privatization-developing-countries-analysis-performance-newly-privatized-firms http://hdl.handle.net/10986/11529 English Viewpoint: Public Policy for the Private Sector; Note No. 156 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research |
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Digital Repository |
| institution_category |
Foreign Institution |
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Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
DEVELOPING COUNTRIES PRIVATIZATION STUDIES PERFORMANCE INDICATORS FIRMS PROFITS EFFICIENCY INVESTMENT OUTPUTS EMPLOYMENT DIVIDENDS FINANCIAL LEVERAGE LOW-INCOME ECONOMIES CAPITAL EXPENDITURES COMPETITIVE MARKETS DEBT DIVIDEND PAYOUT DIVIDENDS ECONOMIC GROWTH EMPIRICAL STUDIES EMPLOYMENT EXPENDITURES FIRMS INCOME INFLATION INSURANCE INVESTMENT SPENDING OIL OPERATING EFFICIENCY PAYOUT RATIO PRIVATIZATION PRODUCTIVITY PROFITABILITY PUBLIC ENTERPRISES RETURN ON SALES SHAREHOLDERS STATE ENTERPRISES WELFARE GAINS |
| spellingShingle |
DEVELOPING COUNTRIES PRIVATIZATION STUDIES PERFORMANCE INDICATORS FIRMS PROFITS EFFICIENCY INVESTMENT OUTPUTS EMPLOYMENT DIVIDENDS FINANCIAL LEVERAGE LOW-INCOME ECONOMIES CAPITAL EXPENDITURES COMPETITIVE MARKETS DEBT DIVIDEND PAYOUT DIVIDENDS ECONOMIC GROWTH EMPIRICAL STUDIES EMPLOYMENT EXPENDITURES FIRMS INCOME INFLATION INSURANCE INVESTMENT SPENDING OIL OPERATING EFFICIENCY PAYOUT RATIO PRIVATIZATION PRODUCTIVITY PROFITABILITY PUBLIC ENTERPRISES RETURN ON SALES SHAREHOLDERS STATE ENTERPRISES WELFARE GAINS Boubakri, Narjess Cosset, Jean-Claude Privatization in Developing Countries : An Analysis of the Performance of Newly Privatized Firms |
| relation |
Viewpoint: Public Policy for the Private Sector; Note No. 156 |
| description |
The privatization efforts of most
developing countries are inhibited by embryonic financial
markets, weak regulatory capacity, and a public sector that
accounts for a large share of GDP. Many, particularly those
with low per capita income, lack some of the main
ingredients for a successful privatization, such as capital,
entrepreneurs, and competent managers. But some of these
countries have large markets and fast economic growth rates,
features that make the success of government divestiture
more likely. This Note describes the results of a study that
set out to determine whether privatization is beneficial in
the economic environments and institutional settings of
these countries by examining how privatization affects
firms' financial and operating performance in a broad
set of developing countries. |
| format |
Publications & Research :: Viewpoint |
| author |
Boubakri, Narjess Cosset, Jean-Claude |
| author_facet |
Boubakri, Narjess Cosset, Jean-Claude |
| author_sort |
Boubakri, Narjess |
| title |
Privatization in Developing Countries : An Analysis of the Performance of Newly Privatized Firms |
| title_short |
Privatization in Developing Countries : An Analysis of the Performance of Newly Privatized Firms |
| title_full |
Privatization in Developing Countries : An Analysis of the Performance of Newly Privatized Firms |
| title_fullStr |
Privatization in Developing Countries : An Analysis of the Performance of Newly Privatized Firms |
| title_full_unstemmed |
Privatization in Developing Countries : An Analysis of the Performance of Newly Privatized Firms |
| title_sort |
privatization in developing countries : an analysis of the performance of newly privatized firms |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/1998/11/441579/privatization-developing-countries-analysis-performance-newly-privatized-firms http://hdl.handle.net/10986/11529 |
| _version_ |
1764417063249510400 |