We analyze the effects of ownership type and concentration on performance of a population of firms in a model large … private ownership improve dynamic post-privatization performance. Concentrated foreign (but not domestic) ownership improves … some measures of performance relative to state ownership. Foreign investors engage in strategic restructuring by increasing …

This study is part of a continuing program of research into the performance of economic infrastructure industries … consequences of failure to match levels of performance achieved overseas. It is based on data collected throughout 1997. …