Does the Nature of Ownership Matter? Lessons from Theory and Evidence

Yıl 2005, Sayı: 10, 1 - 20, 01.12.2005

Aziz Turhan

Öz

The primary intention of this paper is to seek whether or not ownership matters. By reviewing the literature, I would like to answer such questions as, what drives differences between private and public firms? Do those differences imply advantages that should make citizens prefer one type of ownership to another? Does privatization provide significant productivity improvement? Both theoretical and empirical evidences confirm that the nature of ownership is important. Changes in managerial incentives and enterprise objectives are likely to affect the performance of enterprises, like macroeconomic conditions, and/or technological developments

Anahtar Kelimeler

State ownership, state owned enterprises, privatization and firm behavior

Kaynakça

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