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Experience with Privatisation: A New Institutional Economics Perspective

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  • Mary M. Shirley

Abstract

Does privatisation or corporatisation under state ownership produce better performance in cases where institutions are weak? This paper hypothesises that privatisation will dominate corporatisation in regulated industries when it increases competition or contestability or motivates private owners to invest and maximise profits. It might also dominate if it makes use of reputation for enforcing contracts. The paper illustrates the argument using data from four case studies of telecommunications and water in Africa and calls for more research on a larger sample in order to test the theory. Copyright 2002 , Oxford University Press.

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  • Mary M. Shirley, 2002. "Experience with Privatisation: A New Institutional Economics Perspective," Journal of African Economies, Centre for the Study of African Economies, vol. 11(suppl_1), pages 10-31, February.
    • Handle: RePEc:oup:jafrec:v:11:y:2002:i:suppl_1:p:10-31
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    File URL: http://hdl.handle.net/10.1093/jafeco/11.suppl_1.10
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    Cited by:

    1. Marek Zieliński & Artur Łopatka & Piotr Koza & Agata Żak & Tomasz Rokicki, 2023. "Ability of Agriculture in ANCs in Poland and Other EU Countries to Reconcile the Income Function with the Protection of the Natural Environment," Energies, MDPI, vol. 16(24), pages 1-25, December.
    2. repec:hur:ijaraf:v:4:y:2014:i:2:p:98-108 is not listed on IDEAS
    3. Narjess Boubakri & Jean‐Claude Cosset & Omrane Guedhami & Mohammed Omran, 2007. "Foreign Investor Participation In Privatizations: Does The Institutional Environment Matter?," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 30(1), pages 129-146, March.
    4. Rim Ben Hassen & Omri Abdelwahed, 2014. "Privatization of Tunisian Companies: A Study of Corporate Governance Mechanisms," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 4(2), pages 94-104, April.
    5. Boubakri, Narjess & Cosset, Jean-Claude & Guedhami, Omrane, 2004. "Privatization, corporate governance and economic environment: Firm-level evidence from Asia," Pacific-Basin Finance Journal, Elsevier, vol. 12(1), pages 65-90, January.

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