Many empirical works have been devoted to analysing the factors explaining local privatisation. Overall, most of the empirical analyses have low explanatory power due to the methodological difficulties in capturing the dynamic nature of the privatisation decision. The variables most often considered are those related to fiscal stress and cost reduction and political processes and ideological at...

Privatisation has received much attention from economists and political scientists, but surprisingly little from management academics. This paper considers British Rail from strategic and organisational perspectives, in the context of a long period of commercialisation of the corporation leading up to privatisation. The changes involved are analysed using the Laughlin (1991) and Parker (1995a) ...

Despite fiscal stress, public confidence in the National Health Service (NHS) remains strong; privatisation has not hollowed out the service. But if long term challenges are to be overcome, pragmatism not rhetoric should be the guide.

Until recently, changes in the governance of publicly-owned enterprises could be seen as a move along a spectrum which led inevitably to privatisation. The general rejection of privatisation as a policy, and increasing demands for systems of corporate governance that take account of social interests broader than those encompassed in the maximisation of shareholder value subject to legal and reg...

I ndonesia’s economic policies began to become much more market oriented during the 1980s. Various policy reforms were implemented, notably in the field of international trade (Fane and Condon, 1996). In addition, there came to be a new emphasis on privatisation, although this was nearly all talk and no action (Hill, 2000:103-5). In 1989 the then Finance Minister announced that 52 state-owned e...

We’re here to make money. We’re here to do business’: The privatised state and questions for trade unions Ruth Barton, Monash University, and Peter Fairbrother, Cardiff University Under both Labor and Liberal governments Australia has been one of the world’s leading proponents of privatisation. One of the key arguments about privatisation is that it would end the ineffi cient state monopoly of ...

This study empirically investigates the impact of privatisation on firm performance in the global oil and gas industry, where questions of resource control have regained widespread attention. Using a dataset of 60 public share offerings by 28 National Oil Companies it is shown that privatisation is associated with comprehensive and sustained improvements in performance and efficiency. Over the ...

1. THE ECONOMIC AND POLITICAL CASE FOR PRIVATISATION 1.