Characteristics of privatization: Evidence from developed, less-developed and former communist countries

Julio O. De Castro, Klaus Uhlenbruck

Research output: Contribution to journalArticlepeer-review

Abstract

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.

Original languageEnglish
Pages (from-to)123-143
Number of pages21
JournalJournal of International Business Studies
Volume28
Issue number1
DOIs
StatePublished - Mar 1997

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