On Foreign Participation and Hiring Patterns after Privatization

17 Pages Posted: 25 Apr 2011

See all articles by Virgilio Galdo

Virgilio Galdo

Michigan State University - Economics

Alberto Chong

University of Ottawa

Date Written: March 2006

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

Galdo, Virgilio and Chong, Alberto, On Foreign Participation and Hiring Patterns after Privatization (March 2006). IDB Working Paper No. 457, Available at SSRN: https://ssrn.com/abstract=1820030 or http://dx.doi.org/10.2139/ssrn.1820030

Virgilio Galdo (Contact Author)

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

Alberto Chong

University of Ottawa ( email )

2292 Edwin Crescent
Ottawa, Ontario K2C 1H7
Canada

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