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 language | English |
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| Pages (from-to) | 123-143 |
| Number of pages | 21 |
| Journal | Journal of International Business Studies |
| Volume | 28 |
| Issue number | 1 |
| DOIs | |
| State | Published - Mar 1997 |
Funding
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.
| Funders |
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| California State University San Marcos |