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Privatizations and efficiency. Evidences from the Italian iron and steel industry, 1979–2016

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  • Carlo Brambilla
  • Fabio Lavista

Abstract

Grounding on a new dataset gathering end-of-year financial statements of Italian steelmakers from 1979 to 2016, this article aims at assessing the effects of privatizations on the steelmaking industry, both in terms of changes in the industrial structure and of firms’ performance. It tries to verify whether privatizations fostered allocative efficiency and increased companies’ productive efficiency and innovative capabilities, and contributes to the debate on the alleged positive effects of privatizations on economic growth. In this respect, the article suggests some interesting insights both on the relationship between ownership and performance and on the outcomes of the Italian, as well as European, privatization processes of the fourth quarter of the 20th century.

Suggested Citation

  • Carlo Brambilla & Fabio Lavista, 2020. "Privatizations and efficiency. Evidences from the Italian iron and steel industry, 1979–2016," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 29(3), pages 757-778.
    • Handle: RePEc:oup:indcch:v:29:y:2020:i:3:p:757-778.
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    File URL: http://hdl.handle.net/10.1093/icc/dtz060
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    Cited by:

    1. Jolanta Tamošaitienė & Hadi Sarvari & Daniel W. M. Chan & Matteo Cristofaro, 2020. "Assessing the Barriers and Risks to Private Sector Participation in Infrastructure Construction Projects in Developing Countries of Middle East," Sustainability, MDPI, vol. 13(1), pages 1-20, December.
    2. Lähdemäki, Sakari, 2024. "Privatization in competitive environment: Evidence from Finland's manufacturing sector," Journal of Economic Behavior & Organization, Elsevier, vol. 220(C), pages 402-421.

    More about this item

    JEL classification:

    • N64 - Economic History - - Manufacturing and Construction - - - Europe: 1913-
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • L61 - Industrial Organization - - Industry Studies: Manufacturing - - - Metals and Metal Products; Cement; Glass; Ceramics

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