TY - JOUR
T1 - Characteristics of privatization
T2 - Evidence from developed, less-developed and former communist countries
AU - De Castro, Julio O.
AU - Uhlenbruck, Klaus
N1 - Funding Information:
The authors thank Jim Nelson and three anonymous reviewers for their comments. We also wish to thank the Robert S. MacNamara Fellows Program of the World Bank, the University of Colorado at Boulder College of Business Administration Summer Research Grants Program, and California State University San Marcos for their financial support. Received: June 1995; Revised: August 1996; Accepted: January 1997.
PY - 1997/3
Y1 - 1997/3
N2 - A privatization wave has swept the world, starting in the U.K. in the early 1980s and then progressing to other developed and less-developed nations. This study examines how the country characteristics for the formerly state-owned enterprises relate to the nature of the privatization deal and the strategy of the acquiring firm. In particular, this paper examines how country characteristics affect government privatization policies and, in turn, firm strategy. Results indicate that there are differences with respect to the characteristics of privatization and government policies that translate into differences in firm strategy in former communist, less-developed and developed countries.
AB - A privatization wave has swept the world, starting in the U.K. in the early 1980s and then progressing to other developed and less-developed nations. This study examines how the country characteristics for the formerly state-owned enterprises relate to the nature of the privatization deal and the strategy of the acquiring firm. In particular, this paper examines how country characteristics affect government privatization policies and, in turn, firm strategy. Results indicate that there are differences with respect to the characteristics of privatization and government policies that translate into differences in firm strategy in former communist, less-developed and developed countries.
UR - http://www.scopus.com/inward/record.url?scp=0031499380&partnerID=8YFLogxK
U2 - 10.1057/palgrave.jibs.8490843
DO - 10.1057/palgrave.jibs.8490843
M3 - Article
AN - SCOPUS:0031499380
SN - 0047-2506
VL - 28
SP - 123
EP - 143
JO - Journal of International Business Studies
JF - Journal of International Business Studies
IS - 1
ER -