output of state-owned enterprises shows a declining trend. Over the past decade, on one hand, the operational efficiency of …

mechanism of efficiency improvement relating to partial privatization. In this paper, we endogenize efficiency improvement in … relation to the level of privatization. We show that in the short run, an improvement in efficiency associated with a state … the strength of the improvement in efficiency. Specifically, if the effect of efficiency improvement is sufficiently small …

systematic performance and efficiency differentials between National Oil Companies (NOCs) and privately-owned International Oil … an indication of firm efficiency. Because NOCs also significantly underperform the private sector in terms of output … efficiency and profitability, this paper nevertheless suggests that a political preference for State Oil usually comes at an …

The book investigate the process of privatization of state owned companies. Privatization of state owned companies and … surface in the process of privatization as an eminent threat to the economic viability of a nation. Bad examples were shown by … the privatization process in many countries, e.g., former Soviet Union. Sudan Airways was privatized seven years ago. It …

. Profitability and efficiency decline in the five years after privatization. Sales grow, capital investment improves, and debt levels … fall after privatization. We argue that the privatizations have been unsuccessful (in terms of profitability and efficiency … capitalist economics. One reform was the partial privatization of many State Owned Enterprizes (SOEs) and listing the shares in …