Literature shows that privatized firms generally gain financially, and privatization leads to production efficiency … gains since performance outcomes are largely conditioned by externalities like ownership. Our approach linking privatization … gains from privatization. Second, corporate ownership control appears to condition production efficiency and welfare gains …

This study examines the pre- and post-privatization financial and operating performance of 208 firms privatized in … sales efficiency, and significant declines in leverage following privatization, but no significant change in profitability … privatization experience significantly greater improvements in profitability, employment, and sales efficiency compared to those …