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Journal articles on the topic 'Privatization'

Author: Grafiati

Published: 4 June 2021

Last updated: 31 August 2024

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1

Klein, Vinícius, and Gabriela Pepeleascov Gomes. "Common Ownership in Brazil After Steel Sector Privatization." World Competition 47, Issue 2 (June 1, 2024): 265–80. http://dx.doi.org/10.54648/woco2024017.

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Privatization processes present a multifaceted challenge, especially in countries with fragile market institutions. This article delves into the complex dynamics of privatization, emphasizing the importance of balancing different interests with a particular focus on the role of competition law. While asset maximization has traditionally dominated privatization discussions, this study advocates for a broader perspective that uses privatization to enhance market institutions. As a base study and drawing on the Brazilian experience of the steel sector privatization, the article unravels the consequences of partial privatizations and the risk of common ownership and interconnected influence through the State. Ultimately, the article contributes to a comprehensive understanding of privatization’s role in competitive markets and economic progress.

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2

Cooke, Oliver. "A Class Approach to Municipal Privatization: The Privatization of New York City's Central Park." International Labor and Working-Class History 71, no. 1 (2007): 112–32. http://dx.doi.org/10.1017/s0147547907000361.

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AbstractThe privatization of New York City's Central Park in 1998 was among the most high-profile municipal privatizations in the US during the 1990s. Since then, the park's privatization has been cited as an exemplary model of privatization. This essay develops a unique class approach to municipal privatization and uses it to reconceptualize Central Park's privatization. In doing so, it argues that the park's privatization involves an important contradiction—one that regards its ostensible status as one of the nation's most famous and treasured public goods against its production as a capitalist commodity. This class approach to the park's privatization yields four insights. First, it underscores the limitations of the hegemonic cost-efficiency calculus that has long informed the municipal privatization discourse. Second, it raises important questions regarding the troublesome relationship between democratic principles and capitalist production relations. Third, it offers an alternative to a wage-led approach to privatization. Finally, and paradoxically, it provides a framework for theorizing “progressive” privatizations.

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3

Cardoso, Vanessa Ingrid da Costa, Anna Beatriz Grangeiro Ribeiro Maia, Sandra Maria dos Santos, and Francisco De Assis Soares. "The Impact of Privatization in Economic Performance: A Study in Brazilian Companies Large." Revista Ibero-Americana de Estratégia 12, no. 3 (September 1, 2013): 183–211. http://dx.doi.org/10.5585/ijsm.v12i3.1904.

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Privatizations have an important role in the Brazilian media, representing opportunities and challenges on the financial market and the target of many investors and other stakeholders. This study includes the privatization’s concept from the neoclassical current, that the primary goals of companies is get and improve benefits and returns to their owners. Therefore, this study aims to analyze the behavior of the economic performance of Brazilian companies before and after the privatization. Then, was done a documentary and bibliographical research, beyondan exploratory and descriptive research, with quantitative analysis. The sample consisted of eight Brazilian companies privatized in the period from 1990 to 2005, outside the financial sector. Four performance indicators were analyzed two years before and two years after the privatization of companies: Economic Value Added (EVA), Market Value Added (MVA), Return On Assets (ROA) and Return On Equity (ROE). From the results it was found that the companies had higher economic performance after the privatization. This results corroborated with other studies.

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4

ADAMS, F. Gerard, and Heidi VERNON. "The Many Faces of Privatization: Can We Generalize about Privatization?" Management international 4, no. 1 (1999): 1–10. http://dx.doi.org/10.59876/a-m8mv-b0jc.

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Privatization seeks a number of objectives, often very different from the achievement of greater efficiency. Consequently, privatization takes many different forms. This paper considers privatization from a conceptual perspective and raises some implications for evaluating the privatization experience. Care must be taken to appraise privatizations with full recognition of their origin, structure and economic setting.

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5

Hunter, Richard J., and Leo V. Ryan. "A Field Report on the Background and Processes of Privatization in Poland." Global Economy Journal 8, no. 1 (January 2008): 1850124. http://dx.doi.org/10.2202/1524-5861.1309.

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This article provides a comprehensive look at the area of privatization in Poland. It provides a context and discusses the two major forces that have spurred the privatization process, as well as privatizations carried out in developing countries under the auspices of the World Bank and the IMF.The article begins with an explanation of the background to privatization in the context of state central planning, a discussion of the derivative traits of the command-and-control economy, the collapse of the system in the 1990s, the actions necessitated in society in an attempt to reform and change the system, and the reform strategies that were implement as a response to both the economic and political challenges.The article includes a discussion of the core objectives of the privatization process, the requirements of the privatization process, and an important section dealing with the actions that are necessary and complementary in preparing society and individual entities for privatization. The article concludes with an analysis of the models of privatization that were adopted in the region, along with tables delineating proceeds from privatization; the number of privatizations carried out both world-wide and in the region.

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6

Megginson, William L., and Jeffry M. Netter. "From State to Market: A Survey of Empirical Studies on Privatization." Journal of Economic Literature 39, no. 2 (June 1, 2001): 321–89. http://dx.doi.org/10.1257/jel.39.2.321.

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This study surveys the literature examining the privatization of state-owned enterprises (SOEs) We review the history of privatization, the theoretical and empirical evidence on the relative performance of state owned and privately owned firms, the types of privatization, if and by how much privatization has improved the performance of former SOEs in non-transition and transition countries, how investors in privatizations have fared, and the impact of privatization on the development of capital markets and corporate governance. In most settings privatization “works” in that the firms become more efficient, more profitable, and financially healthier, and reward investors.

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MUNIR, KAMAL, and NATALYA NAQVI. "Privatization in the Land of Believers: The political economy of privatization in Pakistan." Modern Asian Studies 51, no. 6 (November 2017): 1695–726. http://dx.doi.org/10.1017/s0026749x16000585.

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AbstractDespite theoretical justifications and empirical evidence that state-owned enterprises have played an important role in late development, as well as over three decades of evidence that privatization programmes since the 1980s have had mixed results at best, international financial institutions continue prescribing privatization as a panacea for developing countries. Pakistan is an interesting case to understand why privatization is still considered desirable, because it is one of a set of developing countries that have whole-heartedly implemented Washington Consensus policies. In this context, we analyse privatization in two key economic sectors in Pakistan: energy and banking. Using qualitative and quantitative data, we describe the motivations behind these privatizations, the process by which they were carried out, and analyse the post-privatization performance of these organizations and sectors. We find that in both cases (a) the privatizations failed not only with respect to their stated aims, leading to a decline in national productive capabilities, but also had adverse distributional consequences, shifting the rewards to the buyers while the risks and costs remained with the public sector, and (b) the suboptimal outcomes of the privatizations went largely unchallenged aided by a prevalent neoliberal view amongst the country's economic policy makers and intelligentsia. Our analysis sheds new light on the process by which privatization in the absence of a state with the capacity to discipline business interests has enabled these interests to obtain state-sponsored rents without bringing any of the associated benefits for economic development.

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8

Molz, R., and T. Hafsi. "Evaluation and Assessment of Privatization Outcomes: A Conceptual Model and Empirical Evidence." Environment and Planning C: Government and Policy 15, no. 4 (December 1997): 481–95. http://dx.doi.org/10.1068/c150481.

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The authors develop and apply a schema to evaluate outcomes of privatization. The schema is applied to evaluative research conducted on privatizations in France, the United Kingdom, Australia, and New Zealand. The findings indicate that comprehensive evaluations of privatization outcomes are wanting.

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9

Ceriani, Lidia, Simona Scabrosetti, and Francesco Scervini. "Inequality, Privatization, and Democratic Institutions in Developing Countries." Revista Hacienda Pública Española 240, no. 1 (March 2022): 95–124. http://dx.doi.org/10.7866/hpe-rpe.22.1.4.

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Privatization of state-owned enterprises in low- and middle-income countries is regarded as an indispensable first step for the consolidation of national accounts, the development of financial markets, and the improvement of firms’ efficiency. However, privatizations may also have a relevant distributional impact, particularly in developing countries, where proceedings from privatization may be a sizable resource for redistribution. This article is a first attempt to investigate the relationship between privatization and income inequality, focusing on the role of democratic institutions. We find that an increase in privatization proceeds is correlated with a reduction in income inequality in countries where representative political institutions are mature.

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Pomeranz, Felix. "PRIVATIZATION AND THE ETHICS OF ISLAM." American Journal of Islam and Society 14, no. 2 (July 1, 1997): 264–69. http://dx.doi.org/10.35632/ajis.v14i2.2243.

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Current privatization efforts dwarf all which have gone before. In general,the “less developed” nations, including peoples of the Muslim faith,seem to have attracted the advocates of privatization. Disturbing resultsare obtained when the substance and process of privatization are juxtaposedto the teaching of Islam.In certain cases, privatization may result in the transfer of wealth fromrelatively weak hands (i.e., from the debtor governments of the lessdeveloped nations) to relatively strong hands (i.e., consortia of intemationalentrepreneurs). Islam teaches the opposite: It recognizes the rightof the less able in the wealth of those who have greater ability or theopportunity to produce greater wealth (Mirakhor, 1989).The outcomes of privatization are important to peace and security.Consequently, the emergence of privatization as a cat’s paw in politicaldiscourse is not a good omen. For example, Abdelhak Benhamouda,Algeria’s labor leader, “opposes any privatizations undertaken on the‘back‘ of the workers and demanded (sic) ‘guarantees’ from the govemment”(AFX News, 1995).The article defines privatization and discusses its structural and operationalproblems in light of religious imperatives ...

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11

Papadopoulos, Thomas. "Building the Legal Framework of Privatizations in Cyprus: The Missing Link with Sustainable Development." European Business Law Review 29, Issue 6 (December 1, 2018): 997–1020. http://dx.doi.org/10.54648/eulr2018039.

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This article presents and scrutinizes the Privatizations Law of the Republic of Cyprus, in the context of sustainable development. Cyprus was another victim of the Eurozone crisis. A bailout agreement was reached between Cyprus and its creditors. This bailout agreement was accompanied by a Memorandum of Understanding (MoU) on specific Economic Policy Conditionality requiring certain reforms. The Cyprus MoU required, among others, privatizations of certain State-owned enterprises. In 2014, Cyprus adopt ed the Privatizations Law stipulating the details of the privatization process. This article presents and discusses the most important aspects of this Law. A critical overview of the legal framework of privatizations is provided in the context of sustainable development. The contribution of this privatization procedure to sustainable development is examined. More specifically, the absence of sustainable development from the Privatizations Law is criticized. This article sheds light on the relationship between the privatized enterprises and sustainable development. Certain proposals in the light of the golden shares case law of the Court of Justice of the EU (CJEU) are made. It is argued that sustainable development could be pursued through golden shares in privatized enterprises. Proposals for the inclusion of Corporate Social Responsibility (CSR) in privatized enterprises are brought forward. This article also considers various challenges to the privatization programme of Cyprus.

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12

Ibraimi, Xhemazie. "Privatization in post-war Kosovo: Legal review." Journal of Governance and Regulation 11, no. 1 (2022): 112–24. http://dx.doi.org/10.22495/jgrv11i1art11.

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The main purpose of this paper is to analyze privatization in Kosovo as a complex legal process of redistribution of social wealth to private individuals or certain enterprises. The privatization process in Kosovo cannot be compared with the privatizations of countries in the region due to its economic and political specifics, as a country with economies in transition and high levels of corruption (Borošak, 2018). To study this phenomenon, we will analyze the data published by the complaints received from the Kosovo Trust Agency (KTA) the decisions of the Special Chamber as well as the judgments of the Special Chamber for human rights. Data analysis concludes on descriptive statistics, analysis of domestic laws, and regulations of the United Nations Interim Administration Mission in Kosovo (UNMIK), reports from the World Bank, processed cases, and Special Chamber court decisions on privatizations. The study concludes that the process of privatization of socially owned property has caused conflicts between the descendants as property owners before their confiscation, privatization has further destroyed the country’s economic development rather than improving the well-being and lives of its citizens. This paper is of great importance for policy makers, officials, scholars as the processing, publication of data, and sanctioning will enable this phenomenon that has become a new way of enrichment to be stopped and the state to be built for society and to belong to society.

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13

BILLINGS, MARK, and JOHN WILSON. "“Breaking New Ground”: The National Enterprise Board, Ferranti, and Britain’s Prehistory of Privatization." Enterprise & Society 20, no. 4 (July 16, 2019): 907–38. http://dx.doi.org/10.1017/eso.2019.13.

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Privatization is closely associated with the ideological turn to neoliberalism and regarded as a cornerstone of Britain’s “Thatcherite project.” Margaret Thatcher’s Conservative government did not undertake its major privatizations of state-owned businesses until its second term began in 1983. We argue in this article, however, that the 1980 disposal by the National Enterprise Board of its controlling interest in the engineering and electronics company Ferranti offers significant insights into the development of privatization policy and practice, as well as the changing role of the state in British business. This disposal reflected the early caution of some of the Thatcher government’s actions but contributed to fulfillment of an electoral commitment and provided valuable privatization experience in addressing difficult financial, industrial, and political issues.

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14

Musabelli, Erisa. "Public Enterprises Privatization,The Costs and Benefits (Albania Case)." European Journal of Social Sciences Education and Research 1, no. 1 (May 1, 2014): 118. http://dx.doi.org/10.26417/ejser.v1i1.p118-125.

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Privatization is the process that transfers the ownership of an enterprise ,service agency or public asset to the private sector,from which ,essentisal positive.effects in the capital markets, financial assets and working groups, are expected. It affects the interests of different groups of the population and includes 80% of all the economic activities including the fields of energy, oil and gas, telecommunications, forests and waterways, roads and railways, ports and airports, rail and inland waterway. Over the past ten years a large amount of privatizations has been accomplished in Albania, indeed, many companies, institutions, societies, mines, which previously had been owned by the state, have now become private property.But does it affect the national economy in a positive or a negative way? Had the privatizations in our country been done in the right extent? in the process of economy's transformation, the emphasis is found in the structural reform, where one of the pillars that support these reforms is the process of privatization. This article will provide a detailed and an accurate situation of the development of this process in Albania, based on the assumption that "the privatization affects positively the state economy", what went right and what did not work properly, how can we take action in order to achieve an improvement? What are the costs and the benefits of the process of privatization in terms of macroeconomic, microeconomic and social aspects in Albania?

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Alayed, Tareq M., Assem S. Alrumeh, Ibrahim A. Alkanhal, and Raghad T. Alhuthil. "Impact of Privatization on Healthcare System: A Systematic Review." Saudi Journal of Medicine & Medical Sciences 12, no. 2 (April 2024): 125–33. http://dx.doi.org/10.4103/sjmms.sjmms_510_23.

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Abstract Background: A notable shift in healthcare policy is healthcare privatization, which refers to the transfer of ownership, management, or provision of healthcare services from the public sector to private entities. Objectives: To provide a narrative examination of the impact of privatization on various dimensions of healthcare, including quality, equity, accessibility, and cost-effectiveness. Policymakers can utilize the findings of this study to make well-informed decisions regarding privatization strategies. Materials and Methods: A systematic review was implemented using the following databases: PubMed, Scopus, and Google Scholar. Studies conducted from January 2000 to January 2023 in developing or developed countries that assessed the impact of healthcare privatization on population health within public sector institutions were included. Results: Eleven studies were included. The findings revealed diverse perspectives on the impact of healthcare privatization, with four studies (36.4%) supporting privatization (two of these were conducted in Saudi Arabia), six studies (54.5%) opposing it (three of these were conducted in European countries), and one study (9.1%) taking a neutral stance. Two studies investigated the impact on healthcare quality, and both revealed that privatization negatively impacts uninsured patients and low-income populations. In addition, five studies investigated the healthcare access and equity dimensions following privatization: one was in favor, one was neutral, and three were opposing it. Four studies investigated the cost-effectiveness dimension, with three in favor and one study opposing it. Conclusion: This review highlights different perspectives on healthcare privatization. While studies, as those from Saudi Arabia, suggest benefits in terms of efficiency and innovation, others, particularly from European countries, emphasize negative consequences such as inequity and reduced quality. This emphasizes the need for more investigations to understand privatization’s impact on healthcare.

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Vujacic, Ivan, and Jelica Petrovic-Vujacic. "Privatization in Serbia: Results and institutional failures." Ekonomski anali 56, no. 191 (2011): 89–105. http://dx.doi.org/10.2298/eka1191089v.

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Since the beginning of the 1990?s several models of privatization have been applied in Serbia. While much was written concerning the models themselves at the time of their application, remarkably little has been written in regards to the assessment of their implementation over the last decade. The paper investigates the scope, types, and results, with an emphasis on this time period. Given that the official failure rate of privatizations undertaken is around one in four, the paper focuses on the weaknesses of the legal and economic aspects of the model, the weaknesses of the privatization implementation, and the weaknesses in the monitoring of the privatization process. Another focus is on the inadequate attention paid to the need for institutional coherence, which led to results that were not in accord with the goals set out. The paper will also point out the areas of further research that, in the opinion of the authors, should be undertaken in order to come to an assessment of privatization as the central and most important aspect of the transition.

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Morresi, Ottorino, and Andrea Oro Nobili. "New evidence on the performance of Italian privatized firms: Should the experiment be repeated in the aftermath of the recent financial crisis?" Corporate Ownership and Control 12, no. 3 (2015): 94–113. http://dx.doi.org/10.22495/cocv12i3p9.

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We provide new evidence on the performance of privatized firms in Italy. On a large sample of 53 non-financial firms privatized from 1992 to 2005, our study shows that privatizations improve efficiency and profitability ratios, sales, and dividend payout. The most important determinant of performance and efficiency gains is the full transfer of control to private investors. Unlike the prevalent international evidence, we find that privatizations result in an increase of leverage ratio and do not affect the number of employees. Moreover, in contrast to international studies, we also find that efficiency and performance improvements are larger in firms operating in protected sectors, and that state-owned firms acquired by foreign investors do not appear to fare better after their privatization. Finally, we find that performance and efficiency gains already occur some years before the date of privatization

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Dkhili, Anouar. "Privatization: A Catalyst for the Profitability of French Companies: Empirical Validation." International Journal of Accounting and Financial Reporting 8, no. 1 (March 5, 2018): 115. http://dx.doi.org/10.5296/ijafr.v8i1.12625.

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The aim of this paper is to test the static and dynamic effects of the long-term privatization of public companies, on the one hand on their economic and financial profitability, and on the other hand on their stock market performance. To achieve this goal, we used a sample of 14 French companies observed during the period 1986-2014. The econometric approach used in this study is of the longitudinal type, the data cover a horizon of seven years (three years before privatization, the year of privatization and three years later), while applying tests of median differences (Wilcoxon test) and mean difference (Student's test), applied to the two series of averages of profitability ratios and market performance indices calculated before and after privatization. The empirical results indicate firstly that there is a significant static effect for most companies on the profitability ratios (ROA, ROE), as well as on the stock market performance indices (BHR, BHAR), except the ratio of investment expenditure that is not statistically significant. Secondly, although the coefficient of the variable TP (expressing the interaction between the variables T and P) to only five positive signs out of 14 firms, there is a good linear adjustment (R2) between the independent variables (the time variable T, the privatization dummy variable P) and the dependent variable (Performance), which has just confirmed the dynamic efficiency of privatizations.

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Feigenbaum, Harvey B., and Jeffrey R. Henig. "The Political Underpinnings of Privatization: A Typology." World Politics 46, no. 2 (January 1994): 185–208. http://dx.doi.org/10.2307/2950672.

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In shifting responsibilities from government to market, privatization has the potential to alter the institutional framework through which citizens normally conceive and pursue their individual and shared interests. But the literature has presented it as a relatively apolitical adaptation to changing conditions. Rather than a choice among means to achieve broadly shared goals, privatization often takes the form of a strategy to realign institutions so as to privilege the goals of some groups over the competing aspirations of other groups. Drawing primarily on the experience of Western, industrialized nations, a political typology is developed that distinguishes between privatizations undertaken foi different reasons—whether pfagmatic, tactical, or systemic.

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de Lange*, Tesseltje. "The Privatization of Control over Labour Migration in the Netherlands: In Whose Interest?" European Journal of Migration and Law 13, no. 2 (2011): 185–200. http://dx.doi.org/10.1163/157181611x571277.

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AbstractMigration control has become subject to ‘privatization’ and is more often than not in the form of internal control, such as for example with employer sanctions. This privatization has taken place through coercive and permissive state action. Coercive state action is the implementation of employer sanctions. It is demonstrated how the drive for efficiency and the consequences of the implementation of employer sanctions in the Netherlands in the sphere of private law create a disaggregation between the state and society. In addition to their influence on contracts and civil law suits, employer sanctions in the Netherlands have created a system of private policing. Another form of privatization is the more permissive form of state action entailing the approval by the state of certain employers. These employers are entitled to fast-track and simple procedures, mainly for highly skilled migrant workers, in exchange for acts of migration control. The question is in whose interest these privatizations are taking place. It is argued that the consequences of privatization, however efficient it may be, may in the end not necessarily be in the interest of the nation-state.

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Mauro, Cesare San. "The Relaunch of Privatizations in Italy Amid Public Debt Reduction and GDP Growth." Journal of Business and Economics 9, no. 7 (July 20, 2018): 594–615. http://dx.doi.org/10.15341/jbe(2155-7950)/07.09.2018/004.

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Between 2012 and 2016, while the financial crisis was unfolding its effects in Italy and globally, several divestments of Italian State-owned companies were carried out, leading observers to believe that a new season of privatizations — similar to the one carried out in the 1990s — had finally been launched. However, after the initial considerable divestments announcing the completion of privatization of large public companies, the momentum faded away due to the strong Italian political instability combined with an international trend oriented to nationalism. The sizeable privatizations launched in 2014-2016, which led to important results in terms of revenue and attraction of investments (including international ones), produced lights and shadows, mainly due to the lack of a long-term roadmap. In this context, the only constant feature of any privatization strategy in Italy appears to be the feeble and fluctuating trend that — today just like yesterday — prevents the country from fully exploiting the potential implicit in the divestment of large State-owned companies.

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Albalate, Daniel, Germà Bel, Raymond Gradus, and Eoin Reeves. "Re-municipalization of local public services: incidence, causes and prospects." International Review of Administrative Sciences 87, no. 3 (June 10, 2021): 419–24. http://dx.doi.org/10.1177/00208523211006455.

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Since the turn of the century, a global trend of re-municipalization has emerged, with cities reversing earlier privatizations and returning infrastructure and public service delivery to the public sector. The reversal of privatization measures is not an entirely new phenomenon. In the US, for example, returning public services to in-house production has been a long-standing feature of ‘pragmatic public management’. However, many cases of re-municipalization that have occurred since the early 2000s represent a distinctive shift from earlier privatization policies. High-profile cases in cities including Paris and Hamburg have thrust re-municipalization into the limelight as they have followed public campaigns motivated by dissatisfaction with the results of privatization and a desire to restore public control of vital services, such as water and energy. Just as the reform of public services towards privatization spawned a vast body of scholarship, the current re-municipalization phenomenon is increasingly attracting the attention of scholars from a number of disciplinary perspectives. The articles contained in this symposium contribute to this emerging literature. They address some of the burning issues relating to re-municipalization, but they also point to issues yet to be resolved and shed light on a research agenda that is still taking shape.

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Ristic, Zivota. "Privatization processes in banking: Motives and models." Panoeconomicus 53, no. 2 (2006): 191–221. http://dx.doi.org/10.2298/pan0602191r.

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The paper consists of three methodologically and causally connected thematic parts: the first part deals with crucial motives and models of the privatization processes in the USA and EU with a particular analytical focus on the Herfindahl-Hirschman doctrine of the collective domination index, as well as on the essence of merger-acquisition and take-over models. The second thematic part of the paper, as a logical continuation of the first one represents a brief comparative analysis of the motives and models implemented in bank privatization in the south-eastern European countries with particular focus on identifying interests of foreign investors, an optimal volume and price of the investment, and assessment of finalized privatizations in those countries. The final part of the paper theoretically and practically stems from the first and the second part, in that way making an interdependent and a compatible thematic whole with them, presents qualitative and quantitative aspects of analyzing finalized privatization and/or sale-purchase of Serbian banks with particular focus on IPO and IPOPLUS as the prevailing models of future sale-purchase in privatizing Serbian banks.

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McAllister, Ian, and Donley T. Studlar. "Popular versus Elite Views of Privatization: The Case of Britain." Journal of Public Policy 9, no. 2 (April 1989): 157–78. http://dx.doi.org/10.1017/s0143814x00008102.

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ABSTRACTPrivatization is an idea that is popular among political elites throughout the advanced industrial world. In Britain, it has been the centrepiece of Margaret Thatcher's three Conservative governments, reflected in the sale of publicly-owned industries to the private sector and in the sale of council houses to their tenants. Using survey data, this article tests two models to account for privatization policy. The median voter model argues that it was a policy demanded and initiated by voters, while the elite interests model argues that it stemmed from the government and that little popular demand existed for it. The evidence confirms the elite interests model and shows that public opinion has generally accepted the status quo on the public ownership of industry. In addition, the Conservatives have made modest electoral gains from privatization. However, voters are not consistent in their views about privatizating particular industries, implying the Conservatives may lose votes with future privatization.

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Usri, Abdul Kadir. "PRIVATISASI STRUKTUR KEPEMILIKAN, DAN KINERJA BUMN DI INDONESIA." IQTISHODUNA 10, no. 1 (August 4, 2016): 61–71. http://dx.doi.org/10.18860/iq.v10i1.3578.

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One of the measures to improve the productivity and efficiency of BUMN isprivatization. Privatizationis considered successful if it can improve efficiency, decrease the price or service improvements and performanceenhancements. The population in this study are all state-owned enterprises to be privatized using the InitialPublic Offering (IPO) from the period 1991 to 2004. The analysis method used in this research is multiple linearregression. The results showed (1) public ownership is partially significant effect on the performance ofBUMN after privatization as measured by ROS, ROI, ROE, and SALEFF, so the proposed hypothesis provedcorrect. The influence of public ownership of the largest BUMN performance after privatization is shown bythe measured performance using ROS and the smallest is SALEFF. (2) The prospective share holders with ROSgreat interest, as this is one indicator of the success of a company, the company’s sales performanceimprovement and management can manage BUMN well after privatization (3) SALEFF is a measure ofperformance (efficiency of operations) thats hows the efficiency of sales or revenues, measured using aweighing between sales or income by the number of employees BUMN privatization proceeds. The prospectiveshare holders interested SALEFF great because it shows more efficiency operation BUMN privatizationresults, which compare sales or revenue to the number of employees who work in there.

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Zeleny, Milan. "Privatization." Human Systems Management 10, no. 3 (1991): 161–63. http://dx.doi.org/10.3233/hsm-1991-10301.

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Medvedev, V. "Privatization." Problems of Economic Transition 35, no. 11 (March 1, 1993): 79–87. http://dx.doi.org/10.2753/pet1061-1991351179.

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Gritsiuk, Grigorii. "Privatization." Russian Social Science Review 34, no. 2 (March 1993): 24–40. http://dx.doi.org/10.2753/rss1061-1428340224.

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Megginson, William. "Privatization." Foreign Policy, no. 118 (2000): 14. http://dx.doi.org/10.2307/1149668.

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Lesław, A. Paga. "Privatization." International Studies of Management & Organization 21, no. 2 (June 1991): 77–92. http://dx.doi.org/10.1080/00208825.1991.11656558.

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31

Jaksch, John, Mark Weimar, Joan Young, William Taylor, Peter Furlong, Roger D. Feldman, and Raymond A. DiPrinzio. "Privatization." Journal of Structured Finance 6, no. 4 (January 31, 2001): 37–47. http://dx.doi.org/10.3905/jsf.2001.320234.

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32

Ghosh, Syamal. "Privatization." Journal of General Management 20, no. 1 (September 1994): 72–81. http://dx.doi.org/10.1177/030630709402000106.

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33

Veljanovski, Cento. "Privatization." Energy Policy 17, no. 4 (August 1989): 351–55. http://dx.doi.org/10.1016/0301-4215(89)90006-2.

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34

Wortis, Joseph. "Privatization." Biological Psychiatry 23, no. 5 (March 1988): 433–34. http://dx.doi.org/10.1016/0006-3223(88)90015-7.

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35

Muller, Katharina. "Beyond privatization: pension reform in the Czech Republic and Slovenia." Journal of European Social Policy 12, no. 4 (November 1, 2002): 293–306. http://dx.doi.org/10.1177/a028429.

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Research on the political economy of pension reform has focused on the recent wave of pension privatizations in the post-socialist region. This paper is motivated by the need to shed more light on cases where radical reform was rejected. Pension privatization did not proceed when the World Bank and the Ministry of Finance - important advocates of radical reform - were absent from the pension reform arena and the Ministry of Social Affairs was the only relevant reform actor. Moreover, unions need not be secondary actors, but may effectively veto pension privatization. The paper highlights the importance of the specific political and economic conditions that may constrain the leeway of pension reform actors, while also discussing the global politics of attention.

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Cohen, Jean L. "The Democratic Construction of Inherently Sovereign Functions." AJIL Unbound 115 (2021): 312–16. http://dx.doi.org/10.1017/aju.2021.48.

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In this essay, I approach the question of privatization from a normative political theory perspective. Following Mégret's lead, I focus on the inter- or transnational domain, with the aim of making explicit the norms that undergird Mégret's analysis despite the functional approach he apparently adopts. I argue that the normative basis of the ideas of sovereignty and publicness he relies on is parasitic on the principles of democratic legitimacy developed on the level of the constitutional democratic state. Put differently, my concern is less with the potential demise of public international law that privatization seems to portend, and more with privatization's threat to democratic self-government under both domestic and international public law.

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Stanford, Jim. "PRIVATIZATION IF NECESSARY, BUT NOT NECESSARILY PRIVATIZATION?" Review of Income and Wealth 54, no. 1 (March 2008): 116–25. http://dx.doi.org/10.1111/j.1475-4991.2007.00263.x.

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PRESTER, JASNA, MAJA KLINDI, and NAJLA PODRUG. "DEREGULATION AND PRIVATIZATION PRIVATIZATION OF EUROPEAN ELECTRICITY MARKET - CASE STUDY OF HEP PRIVATIZATION." International Journal of Management Cases 10, no. 2 (January 1, 2008): 22–32. http://dx.doi.org/10.5848/apbj.2008.00012.

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39

Brambilla, Carlo, and Fabio Lavista. "Privatizations and efficiency. Evidences from the Italian iron and steel industry, 1979–2016." Industrial and Corporate Change 29, no. 3 (November 26, 2019): 757–78. http://dx.doi.org/10.1093/icc/dtz060.

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Abstract Grounding on a new dataset gathering end-of-year financial statements of Italian steelmakers from 1979 to 2016, this article aims at assessing the effects of privatizations on the steelmaking industry, both in terms of changes in the industrial structure and of firms’ performance. It tries to verify whether privatizations fostered allocative efficiency and increased companies’ productive efficiency and innovative capabilities, and contributes to the debate on the alleged positive effects of privatizations on economic growth. In this respect, the article suggests some interesting insights both on the relationship between ownership and performance and on the outcomes of the Italian, as well as European, privatization processes of the fourth quarter of the 20th century.

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Grynko, Sergiy. "Legal-Factual Element of Unpaid Privatization of Land Plots by Citizens of Ukraine in the Order of Allotment as of the Basis for the Occurrence of Land Legal Relations of Private Ownership Right." Law Review of Kyiv University of Law, no. 2 (August 10, 2020): 345–49. http://dx.doi.org/10.36695/2219-5521.2.2020.65.

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The article proposes the result of a theoretical study on detection and analysis of the system of the relevant legal facts and legalcompositions as one of the elements of the basis for the occurrence of land legal relations (property rights to land plots) as unpaid privatizationof land plots in the order of allotment. The definition of privatization of land plots in the order of allotment as the basis forthe occurrence of relations of ownership of land under the aforementioned method of acquisition of rights is given.In the sphere of unpaid privatization of land plots by citizens of Ukraine in the order of allotment there is a factor of informationaland normative legal nature in the form of a vast system of objective legal norms, reflecting:– model of complex legal composition, i.e. system (complex) of legal facts and legal compositions, and also legal conditions ofthe basis for the occurrence of the land legal relationship accumulated in the legally defined order by the corresponding persons of theland privatization legal relations;– model of legal consequence in the form of the occurrence of the legal relationship of private ownership of land parcel;– cause-effect relationship between the model of complex legal composition and the model of legal consequence (i.e. matrix relationship).Unpaid privatization of land plots in the order of allotment as a basis for the occurrence of relations of land plot ownership is aholistic system of interrelated circumstances (legal conditions) of legal-factual causal, intellectual, legal normative and informationalnature, which is the source for the occurrence (beginning of existence) of the legal relationship of private ownership of land plot.The legal-factual element of the basis for the occurrence of land-privatization legal relationship is the legal fact of filing a privatizationapplication and the necessary documents that must be attached to the mentioned application.The legal-factual element of the basis for the occurrence of land legal relationship of ownership of land plot in the process ofunpaid privatization of land plots by citizens of Ukraine is quite volumetric and represents a complex legal composition, which consistsof a system (complex) of legal facts and legal compositions, as well as legal conditions of the basis for the occurrence of land legalrelation, accumulated in the stipulated order by the appropriate parties of land-privatization legal relations.

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Farazmand, Ali. "Globalization, Privatization and the Future of Modern Governance: A Critical Assessment." Public Finance and Management 2, no. 1 (March 2002): 151–86. http://dx.doi.org/10.1177/152397210200200102.

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There is a close but hitherto little-studied relationship between globalization and privatization. This article explores the connection between them from a political economy viewpoint. on globalization, it identifies several theoretical approaches to understanding the phenomenon, notes the various ways in which the word is used, and considers causes and consequences. in exploring the connection with privatization, it is essentially concerned to view the privatizations of the later 20th century as a strategic instrument of the globalization of capital, and a number of reasons are advanced to support this view. the article then looks at the implications of what has gone before for the education of public managers, which has also reflected these late 20th century tendencies. It seeks a reorientation of such education, as we move into a new century, to restore the spirit of public administration as an agent of “public trust”.

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Thomas, Tom E. "Environmental Privatization." Proceedings of the International Association for Business and Society 4 (1993): 441–52. http://dx.doi.org/10.5840/iabsproc1993434.

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Roth, Gabriel. "Airport Privatization." Proceedings of the Academy of Political Science 36, no. 3 (1987): 74. http://dx.doi.org/10.2307/1174098.

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Ireland, Patricia. "Privatization = Poverty." Journal of Public Health Policy 21, no. 3 (2000): 257. http://dx.doi.org/10.2307/3343325.

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Nina Zabelina. "STALINESQUE PRIVATIZATION." Current Digest of the Post-Soviet Press, The 68, no. 006 (February 8, 2016): 15. http://dx.doi.org/10.21557/dsp.46273192.

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Mateles, Richard I. "DOE Privatization." Science 272, no. 5260 (April 19, 1996): 339. http://dx.doi.org/10.1126/science.272.5260.339.a.

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Shefer, Guy, and Alison Liebling. "Prison privatization." Criminology & Criminal Justice 8, no. 3 (August 2008): 261–78. http://dx.doi.org/10.1177/1748895808092429.

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48

Gormley, William T. "Privatization Revisited." Review of Policy Research 13, no. 3-4 (September 1994): 215–34. http://dx.doi.org/10.1111/j.1541-1338.1994.tb00604.x.

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Triska, Dušan. "Privatization: Czechoslovakia." Eastern European Economics 30, no. 1 (September 1991): 22–27. http://dx.doi.org/10.1080/00128775.1991.11648469.

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Kwasniewski, Jacek. "Privatization: Poland." Eastern European Economics 30, no. 1 (September 1991): 41–48. http://dx.doi.org/10.1080/00128775.1991.11648471.

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