Abstract
This paper builds upon the growing research on both privatization and entrepreneurship and provides a model to predict outcomes of privatization of state-owned enterprises. Previous research has concentrated on the change in ownership as the principal driver of post-privatization increases in firm performance and wealth creation. We suggest that structural conditions of the state-owned enterprise and the privatization process, in combination with characteristics of the new owners, lead to performance changes because they determine the firm’s ability to transform from a state agency to an entrepreneurial organization.
| Original language | English |
|---|---|
| Pages (from-to) | 171-184 |
| Number of pages | 14 |
| Journal | Management Research |
| Volume | 1 |
| Issue number | 2 |
| DOIs | |
| State | Published - 2003 |