Shaoul, Jean - In: Accounting, Auditing & Accountability Journal 10 (1997) 3, pp. 382-405
would yield benefits, via greater efficiency, to the industry, customers and the nation. Examines first the extent to which …. Shows that the financial evidence does not substantiate the Government’s claims. Finds that greater efficiency, meaning … lower costs relative to output, did not occur. Significant increases in efficiency had occurred prior to privatization …