analyze how this mechanism affects the selection of executives and, through this, the firm’s productivity compared to a … conglomerate or by a foreign entity. The resulting distortion in executive selection can account for total factor productivity …

the productivity effect of three strategies in new public management: corporatisation, outsourcing, and partial … privatisation. Firm-level productivity is estimated from production data using a control function approach. As most of the firms are … outsourcing and corporatisation positively impact productivity, while partial privatisation does not increase productivity. …