Download or read book The Unspoken Truth about Privatization written by Peter E. Temu and published by iUniverse. This book was released on 2007-11 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Unspoken Truth about Privatization covers the length and breadth of this interesting topic in nine short essays. The author defines privatization as "the policy or process of converting, wholly or partially, public enterprises to private enterprises" The main characteristics of the public sector and of the private sector are then discussed in turn, as a prelude to an examination of the rationale behind privatization. Once the case for privatization is established, the author proceeds methodically to study the process itself, and concludes that a decision to privatize should be based not on political ideology alone, but on a sober empirical analysis of its expected costs and benefits. One of the book's highlights is the emphasis placed on the importance of the "indirect" costs of privatization, particularly those associated with the use of foreign resources. The presence of foreigners holding key positions in a newly independent state is often resented by the nationals, and may even lead to political instability. Another highlight is a myth exploded: the author denies any automatic link between privatization and democratization. He deplores donors who insist on progress in privatization as a condition for disbursing aid, based on their false belief that more privatization means better democracy.
Download or read book Critical Essays on the Privatisation Experience written by Philip Arestis and published by Palgrave MacMillan. This book was released on 2009 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: An addition to the 'International Papers in Political Economy Series', this edited work offers new developments in economic policy and theory. The experiences of privatisation and private finance initiatives are looked at in detail.
Download or read book Essays on Privatization written by and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Selling state-owned enterprises to the private sector has become a popular policy for governments all around the world. Chapter 1 provides an historical perspective on privatization, and it describes the objectives and the privatization techniques that have been adopted by many governments since the late 70s. The chapter then focuses on two important issues in the privatization debate, the underpricing of shares and the effect of ownership on performance. It reviews the most significant theoretical and empirical contributions to the analysis of these two issues, and it introduces the questions addressed in the remaining chapters of this dissertation. In Chapter 2 I consider a government that first privatizes a company and then competes for votes against a political opponent. The government's objective is to choose the price of shares and the level of promotional effort to maximize its total net revenues. After the sale of the company to the public there is an election and the two parties announce what expropriation rate they would implement if they win the political competition. I showthat in this context it is optimal for the party in power in the first period to actively promote the sale and to underprice the stock with respect to its true value, in order to increase the size of the shareholders2 interest group that will vote for the party announcing a low expropriation rate.
Download or read book How Does Privatization Work written by Venkata Vemuri Ramanadham and published by Psychology Press. This book was released on 1997-01 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Privatization has been one of the most important elements of public policy in the last decade and there have been massive transfers of ownership from the public to the private sector on a national and international level. This book combines thematic papers with country case studies to discuss the mechanisms which have enabled this to occur, and to assess privatization's mixed achievements. The authors, international academics, practitioners and consultants and the process of privatization is discussed in East Germany, Nigeria, Pakistan, Guyana, Sri Lanka, Trinidad and Tobago, and Great Britain.
Download or read book Three Essays on Privatization and Corporate Governance written by Wanrapee Banchuenvijit and published by . This book was released on 2006 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation seeks not only to extend the existing privatization literature but also to provide the association between privatization and corporate governance literatures. It is divided into three essays. The first essay examines changes in the financial and operating performance of 103 firms worldwide that were partially or fully privatized through public share offerings during 1993-2003. The empirical results from the Wilcoxon and proportion tests show increases in profitability, operating efficiency, capital spending, output, and dividend payments as well as decreases in leverage and total employment. A combined result of this essay and the three previous and comparable papers indicates that, for the whole period from 1961 to 2003, privatization helps improve firm performance in a wide variety of countries, industries, and competitive environments. The second essay investigates the impact of macro corporate governance mechanisms (anti-director rights index, enforcement index, and corporate disclosure index) on the subsequent performance of 103 privatized firms around the world during 1993-2003. After controlling for endogeneity, the empirical results exhibit that macro governance mechanisms are important determinants of firm performance following privatization in both developed and developing countries. Finally, the third essay studies how internal control mechanisms (board size, board composition, CEO duality, and financial expertise of boards) affect the subsequent performance of 103 privatized firms around the world during 1993-2003. After controlling for endogeneity, the empirical results demonstrate that internal governance mechanisms (with the concentration on the role of board of directors) are important determinants of firm performance following privatization in only developing countries.
Download or read book Essays on Privatization Identity and Political Polarization written by Erik Lindqvist and published by . This book was released on 2007 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Entrepreneurship and the Privatizing of Government written by Calvin A. Kent and published by Praeger. This book was released on 1987-06-23 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The chapters in this anthology combine discussion of two currently `hot' topics in public administration--privatization and entrepreneurship. . . . Perhaps the most attractive aspect of this book is that it is not merely an unbridled emotional paean to privatization and entrepreneurship but an objective introduction to these issues. The editor selects an array of essays that address not only theory and practice but also the pragmatic issues and problems associated with implementing these new policy initiatives. This book would be a welcome addition to libraries wishing to remain current with the expanding literature on privatization and entrepreneurship. Choice Privatization encompasses the many ways in which the private sector assumes functions that were previously the province of government. These may range from the sale of state enterprises to contracts with private firms to provide governmental services. In each case, services which were once subsidized to some extent by the government are instead offered by the private sector at prices reflecting their actual cost. This collection of original essays by internationally recognized scholars in economics, government, and management, provides a readable, state of the art discussion of the promises and problems of privatization. In addition to synthesizing current data and experiences in the field of private entrepreneurship, this collection of articles breaks new ground by suggesting innovative areas for private activity in the public sector.
Download or read book Essays on Ownership Corporate Control and Privatization written by Daokui Li and published by . This book was released on 1992 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Privatization in the Context of Gradual Reform written by Jian Su and published by . This book was released on 2004 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Privatization written by Bernardo Bortolotti and published by . This book was released on 2001 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Privatization and Corporate Governance in Vietnam written by My Tran Ngo and published by . This book was released on 2014 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Four Essays on Privatisation in Central Eastern Europe written by Paola Valbonesi and published by . This book was released on 1995 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Approach to Privatization in the 21St Century written by Jeffrey A. Roy and published by AuthorHouse. This book was released on 2003-08-26 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: A fresh look at the issue of Privatizing the government. This book looks at the history of government and government organizations from the beginning through the period of Re-invention. The issue of privatization is not seen as the end all to solve governments problems rather it is seen as just one tool available to the politicians and government managers. Privatization is viewed as one method of improving management in government by removing many political constraints and barriers from the government manager. This book looks at the specific example of privatizing the nations Air Traffic Control System. A system that has a history of inefficiency, cost overruns, and resistance to change yet it enjoys a solid political backing which continues to offer it protection from privatization. The last part of the book offers some recommendations for long term change by establishing a commission on privatization.
Download or read book The Privatized State written by Chiara Cordelli and published by Princeton University Press. This book was released on 2020-11-24 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why government outsourcing of public powers is making us less free Many governmental functions today—from the management of prisons and welfare offices to warfare and financial regulation—are outsourced to private entities. Education and health care are funded in part through private philanthropy rather than taxation. Can a privatized government rule legitimately? The Privatized State argues that it cannot. In this boldly provocative book, Chiara Cordelli argues that privatization constitutes a regression to a precivil condition—what philosophers centuries ago called "a state of nature." Developing a compelling case for the democratic state and its administrative apparatus, she shows how privatization reproduces the very same defects that Enlightenment thinkers attributed to the precivil condition, and which only properly constituted political institutions can overcome—defects such as provisional justice, undue dependence, and unfreedom. Cordelli advocates for constitutional limits on privatization and a more democratic system of public administration, and lays out the central responsibilities of private actors in contexts where governance is already extensively privatized. Charting a way forward, she presents a new conceptual account of political representation and novel philosophical theories of democratic authority and legitimate lawmaking. The Privatized State shows how privatization undermines the very reason political institutions exist in the first place, and advocates for a new way of administering public affairs that is more democratic and just.
Download or read book Privatization and State Owned Enterprises written by Paul W. Macavoy and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is divided into three major sections. The first presents a theoretical discussion that underlies the other essays. The second section deals with privatization issues from the perspective of the United States. The third describes research addressed to the U. K. and Canada. In the first chapter, Richard Zeckbauser and Murray Horn develop a wide-ranging theoretical framework for assessing the capabilities and role of state-owned enterprises; it provides a foundation for the analyses that follow. In The Control and Perfonnance o[ State-Owned Enterprises , they describe state-owned enterprises as an extreme case of the separation of ownership and control. The focus is on management --the incentives it faces and the conflicts to which it is subjected. The distinguishing characteristics of public enterprise, the authors suggest, give it a comparative advantage over both public bureaucracy and private enterprise in certain situations. They argue that legislators are more likely to prefer SOEs over private enterprise when the efficiency of private enterprise is undermined by regulation or the tbreat of opportunistic state action, when the informational demands of subsidizing private production to meet distributional objectives are high, when it is difficult to assign property rights, or when state ownership is ideologically appealing. These considerations suggest why SOEs are usually assigned special rights and responsibilities, and they help explain observed regularities in the distribution of SOEs across countries and sectors. Zeckhauser and Horn apply principal-agent theory to identify the key factors underlying the performance of state-owned enterprises.
Download or read book Essays on Privatization and Rent seeking cpar Igor Oliveira Dos Santos written by Igor Oliveira dos Santos and published by . This book was released on 2014 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Privatization written by Jack Knight and published by . This book was released on 2019-04 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 21st century has seen a proliferation of privatization across industries in the United States, from security and the military to public transportation and infrastructure. In shifting control from the state to private actors, do we weaken or strengthen structures of governance? Do state-owned enterprises promise to be more equal and fair than their privately-owned rivals? What role can accountability measures play in mediating the effects of privatization; and what role does coercion play in the state governance and control? In this latest publication, an interdisciplinary group of distinguished scholars in political science, law, and philosophy examine the moral and political consequences of transferring state-provided or state-owned goods and services to the private sector. The essays consider how we should evaluate the decision to privatize, both with respect to the quality of outcomes that might be produced, and in terms of the effects of privatization on the core values underlying democratic decision-making. Privatization also affects the structure of governance in a variety of important ways, and these essays evaluate the consequences of privatization on the state. Privatization sheds new light on these highly salient questions of contemporary political life and institutional design.
