Privatization in Developing Countries: Performance and Ownership Effects

34 Pages Posted: 9 Apr 2008

See all articles by Narjess Boubakri

Narjess Boubakri

American University of Sharjah - School of Business and Management; HEC Montreal - Department of Finance

Jean-Claude Cosset

HEC Montreal

Omrane Guedhami

University of South Carolina - Moore School of Business

Abstract

Over the last twenty years, privatization, defined as the transfer of public assets (firms) from the government to private investors, has been on the reform agenda of more than 120 developing countries. The switch of ownership induces major changes in the corporate governance of firms, and in their incentives to restructure and improve efficiency and performance. This article evaluates this experience, focusing on its impact on corporate performance and governance, identifying several issues yet to be resolved.

Suggested Citation

Boubakri, Narjess and Cosset, Jean-Claude and Guedhami, Omrane, Privatization in Developing Countries: Performance and Ownership Effects. Development Policy Review, Vol. 26, Issue 3, pp. 275-308, May 2008. Available at SSRN: https://ssrn.com/abstract=1118154 or http://dx.doi.org/10.1111/j.1467-7679.2008.00411.x

Narjess Boubakri (Contact Author)

American University of Sharjah - School of Business and Management ( email )

P.O. Box 26666
Sharjah
United Arab Emirates

HOME PAGE: http://www.aus.edu

HEC Montreal - Department of Finance ( email )

3000 Chemin de la Cote-Sainte-Catherine
Montreal, Quebec H3T 2A7
Canada

Jean-Claude Cosset

HEC Montreal ( email )

3000, Chemin de la Côte-Sainte-Catherine
Montreal, Quebec H3T 2A7
Canada
514-340-6872 (Phone)
514-340-6987 (Fax)

Omrane Guedhami

University of South Carolina - Moore School of Business ( email )

Columbia, SC
United States

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