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Title: Post-Privatization Organization Ownership Structure and Performance
Authors: Banchuenvijit, Wanrapee 
Issue Date: 2008
Publisher: Chulalongkorn University Printing House
University of the Thai Chamber of Commerce
Source: Wanrapee Banchuenvijit (2008) Post-Privatization Organization Ownership Structure and Performance. University of the Thai Chamber of Commerce Journal Vol.28 No.2.
Journal: University of the Thai Chamber of Commerce Journal 
Abstract: The objective of this paper is to study the link between performance and ownershipstructure of privatized firms by reviewing relevant literature. Major findings are as follows.First, without a large number of outside controlling shareholders, privatized firmsû agencycosts of managerial control may increase even though their costs of political controldecrease. Second, privatized firms with more concentrated private ownership generategreater post-privatization performance. Next, a positive effect of ownership concentrationon firm performance is larger in countries where investor protection is weak. Lastly,privatizations with more concentrated ownership are less likely to take place as publicofferings.
ISSN: 0125-2437
Rights: This work is protected by copyright. Reproduction or distribution of the work in any format is prohibited without written permission of the copyright owner.
Appears in Collections:JEO: Journal Articles

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