Privatization Process and Corporate Entrepreneurship in Former Monopolies: A Model for Developed Countries

This paper considers the impact of privatization on corporate entrepreneurship. The proposed model illustrates how a firm's capacity to implement internal changes is influenced by three factors: credibility of the privatization process, speed of the process, and the new regulatory environment. The type of changes (economic calculation, risk-taking, and alterness) and the extent to which they can be implemented ultimately determine the level of post-privatization corporate entrepreneurship that the firm will be abble to develop.