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عنوان فارسی مقاله:
آیا خصوصی سازی بخشی،باعث بهبود عملکرد می شود؟ شواهد از یک زنجیره ای از هتل ها در پرتغال
عنوان انگلیسی مقاله:
Does partial privatisation improve performance? Evidence from a chain of hotels in Portugal
سال انتشار : 2017
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بخشی از مقاله انگلیسی:
2. Theory, literature review and hypotheses development
2.1. Impact of privatisation on total factor productivity As discussed by Chirwa (2001), there are several theoretical frameworks that support the view that private ownership is associated with better performance than public ownership. Chirwa (2001) discusses four arguments. Firstly, the property rights theory together with the principal-agent theory emphasise that the distance between the taxpayer and the manager of state-owned organisations makes monitoring more difficult and weakens the incentives for cost-minimisation. Secondly, the public choice theory suggests that state-owned enterprises pursue political objectives, such as maximisation of votes, employment, investment and budget control, which tend to lead to inefficiency. Thirdly, organisational theories argue that specific organisational characteristics of public enterprises (such as different management styles and organisational structures) tend to lead to inefficiency. Lastly, the soft budget constraint argument suggests that public enterprises, unlike private ones, are able to survive with prolonged losses given the government subsidies. Boycko, Shleifer and Vishny (1996) present a theory of privatisation as a strategy to reduce the inefficiency of public enterprises. Several studies have empirically studied the impact of privatisation on the production efficiency of enterprises. These studies have used mainly two methods: (1) the parametric approach with SFA and (2) the non-parametric approach with DEA. Considering the advantages of DEA over SFA, in particular its ability to handle multiple inputs and multiple outputs without the need to specify a functional form for the production function, in this study we focus on the non-parametric approach with DEA. We identified 17 studies that have used DEA to study the impact of privatisation on the production efficiency and/or the total factor productivity of firms. Table S1 in the supplementary material offers a synthesis of these studies, including information regarding the context and period of analysis, the methodology used and the main conclusions reached. This table has been split into two sections: Section 1 includes 11 studies that have investigated the impact of privatisation on production efficiency, and Section 2 includes six studies that have investigated the impact of privatisation on total factor productivity.
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کلمات کلیدی:
Does Privatization Serve the Public Interest? - Harvard Business Review https://hbr.org/1991/11/does-privatization-serve-the-public-interest According to privatization's supporters, this shift from public to private .... has made effective use of privatization to improve efficiency, increase competition, and ... [PDF]The Benefits of Privatization? The Mexican Experience in the ... - LSE www.lse.ac.uk/europeanInstitute/events/2008-09/Gonzalez_Pietrogiovanna.pdf by RG Pietrogiovanna - Related articles Privatization is thought to improve overall economic efficiency, hence improving ... Telmex's post-privatization performance did not have the desirable effects on. Economic and Social Impact of Privatisation of State-owned ... https://books.google.com/books?isbn=2869782284 Michael I. Obadan - 2008 - Business & Economics Thus, taking the arguments in totality, the expectation is that post-privatisation firm-level performance should improve in terms of profitability, output, operating ... Privatisation in India: Challenging economic orthodoxy https://books.google.com/books?isbn=1134321686 T.T. Ram Mohan - 2013 - History serves to improve performance. This is not factored in and the improvement in performance is incorrectly ascribed to the change in ownership. Not least, there is ... [PDF]The performance impact of firm ownership transformation in China https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1598.pdf?... ownership restructuring stimulates firm performance improvement. Our findings indicate that partial privatisation has become the dominant form of privatisation. [PDF]Does Privatization Enhance the Performance of Banks? - American ... https://www.aeaweb.org/conference/2015/retrieve.php?pdfid=688 by A Kamaly - Related articles ownership is key in order to guarantee that privatization would indeed enhance banks' performance. Draft Version: Do not quote without authors' permission ... Searches related to privatisation improve performance advantages and disadvantages of privatization privatization government definition privatization pros and cons examples of privatization privatization of government services examples reasons for privatization benefits of privatization of government services examples of successful privatization
