Matches in SemOpenAlex for { <https://semopenalex.org/work/W1567498017> ?p ?o ?g. }
- W1567498017 abstract "Privatization is under attack. Criticisms run from corrupt deals to abuse of market power and social welfare losses. We evaluate the empirical record on privatization relying on recent comprehensive studies from Latin America. There are four main results. First, the increased profitability of privatized firms is not explained by sample selection biases. Second, in the quest to identify the sources of increased profitability after privatization, we find little evidence that validates concerns of generalized market power abuses, exploitation of workers and lack of fiscal benefits. Third, the manner in which privatization is carried out matters. Transparencies and homogeneity in procedures, speed, and limited restructuring prior to privatization lead to better outcomes and less room for curruption and discretion. Finally, privatization's success is enhanced by two complementary policies: re-regulation or deregulation of industries previously shielded from competitive forces; and an effective corporate governance framework that facilitates privatized firms' access to capital at lower costs. Overall, the empirical record shows that privatization leads to increased profitability and productivity, firm restructuring, fiscal benefits, output growth and even quality improvements. Most cases of privatization failure can be linked to poor contract design, opaque processes with heavy state involvement, lack of re-regulation and a poor corporate governance framework." @default.
- W1567498017 created "2016-06-24" @default.
- W1567498017 creator A5042883925 @default.
- W1567498017 creator A5086649700 @default.
- W1567498017 date "2003-01-01" @default.
- W1567498017 modified "2023-10-15" @default.
- W1567498017 title "The Truth About Privatization in Latin America" @default.
- W1567498017 cites W1508483139 @default.
- W1567498017 cites W1543524765 @default.
- W1567498017 cites W1568740316 @default.
- W1567498017 cites W1586788943 @default.
- W1567498017 cites W1591153209 @default.
- W1567498017 cites W1605480343 @default.
- W1567498017 cites W1828475750 @default.
- W1567498017 cites W1883787136 @default.
- W1567498017 cites W1964055127 @default.
- W1567498017 cites W1964660911 @default.
- W1567498017 cites W1966635053 @default.
- W1567498017 cites W1969519191 @default.
- W1567498017 cites W1979984511 @default.
- W1567498017 cites W1983051949 @default.
- W1567498017 cites W1995241443 @default.
- W1567498017 cites W1997391767 @default.
- W1567498017 cites W2001153316 @default.
- W1567498017 cites W2001376735 @default.
- W1567498017 cites W2002439809 @default.
- W1567498017 cites W2006885981 @default.
- W1567498017 cites W2009110022 @default.
- W1567498017 cites W2011907999 @default.
- W1567498017 cites W2011956646 @default.
- W1567498017 cites W2030132760 @default.
- W1567498017 cites W2032029534 @default.
- W1567498017 cites W2032224241 @default.
- W1567498017 cites W2038505981 @default.
- W1567498017 cites W2056698298 @default.
- W1567498017 cites W2058444710 @default.
- W1567498017 cites W2066332806 @default.
- W1567498017 cites W2073900542 @default.
- W1567498017 cites W2084432370 @default.
- W1567498017 cites W2085438131 @default.
- W1567498017 cites W2092138023 @default.
- W1567498017 cites W2109801805 @default.
- W1567498017 cites W2117338911 @default.
- W1567498017 cites W2123140473 @default.
- W1567498017 cites W2125161281 @default.
- W1567498017 cites W2126154401 @default.
- W1567498017 cites W2127720841 @default.
- W1567498017 cites W2141025260 @default.
- W1567498017 cites W2143574620 @default.
- W1567498017 cites W2158001740 @default.
- W1567498017 cites W2158208304 @default.
- W1567498017 cites W2161006156 @default.
- W1567498017 cites W2162012454 @default.
- W1567498017 cites W2162568862 @default.
- W1567498017 cites W2346277422 @default.
- W1567498017 cites W2889847055 @default.
- W1567498017 cites W2892727371 @default.
- W1567498017 cites W2915757434 @default.
- W1567498017 cites W2919981699 @default.
- W1567498017 cites W3121692133 @default.
- W1567498017 cites W3121759882 @default.
- W1567498017 cites W3122577020 @default.
- W1567498017 cites W3122684442 @default.
- W1567498017 cites W3122791595 @default.
- W1567498017 cites W3123238728 @default.
- W1567498017 cites W3123416450 @default.
- W1567498017 cites W3124903881 @default.
- W1567498017 cites W3124907739 @default.
- W1567498017 cites W3125071845 @default.
- W1567498017 cites W3125397596 @default.
- W1567498017 cites W4213331037 @default.
- W1567498017 cites W422207833 @default.
- W1567498017 cites W4229845641 @default.
- W1567498017 cites W4230109532 @default.
- W1567498017 cites W4232563498 @default.
- W1567498017 cites W4244916375 @default.
- W1567498017 cites W4248433151 @default.
- W1567498017 cites W4249415730 @default.
- W1567498017 cites W4251083225 @default.
- W1567498017 cites W4254832804 @default.
- W1567498017 cites W4254909216 @default.
- W1567498017 cites W1985318621 @default.
- W1567498017 doi "https://doi.org/10.2139/ssrn.1814743" @default.
- W1567498017 hasPublicationYear "2003" @default.
- W1567498017 type Work @default.
- W1567498017 sameAs 1567498017 @default.
- W1567498017 citedByCount "34" @default.
- W1567498017 countsByYear W15674980172012 @default.
- W1567498017 countsByYear W15674980172013 @default.
- W1567498017 countsByYear W15674980172015 @default.
- W1567498017 countsByYear W15674980172016 @default.
- W1567498017 countsByYear W15674980172018 @default.
- W1567498017 countsByYear W15674980172019 @default.
- W1567498017 countsByYear W15674980172021 @default.
- W1567498017 crossrefType "journal-article" @default.
- W1567498017 hasAuthorship W1567498017A5042883925 @default.
- W1567498017 hasAuthorship W1567498017A5086649700 @default.
- W1567498017 hasConcept C158886217 @default.
- W1567498017 hasConcept C17744445 @default.
- W1567498017 hasConcept C199539241 @default.