Foreign Participation and Hiring Patterns after Privatization

13 Pages Posted: 27 Apr 2009

See all articles by Alberto Chong

Alberto Chong

University of Ottawa

Virgilio Galdo

Michigan State University - Economics

Abstract

Critics of globalization claim that foreign ownership of privatized firms is linked to negative post-privatization labor outcomes, such as more firing and less hiring. This paper uses new firm-level data for a cross-section of countries to test this idea and provides evidence that foreign purchasers of state-owned enterprises tend to acquire firms that were already better restructured before privatization. Additionally, this paper does not find evidence that foreign participation in privatized firms is linked to negative labor outcomes.

Suggested Citation

Chong, Alberto and Galdo, Virgilio, Foreign Participation and Hiring Patterns after Privatization. LABOUR, Vol. 23, Issue 1, pp. 195-207, March 2009, Available at SSRN: https://ssrn.com/abstract=1378382 or http://dx.doi.org/10.1111/j.1467-9914.2008.00447.x

Alberto Chong (Contact Author)

University of Ottawa ( email )

2292 Edwin Crescent
Ottawa, Ontario K2C 1H7
Canada

Virgilio Galdo

Michigan State University - Economics ( email )

Agriculture Hall
East Lansing, MI 48824-1122
United States
517-203-8372 (Phone)

HOME PAGE: http://search.msu.edu/people/index.php?uid=488171&prev=Galdo,%20Virgilio

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