Rui, Oliver M.; Firth, Michael; Chen, Gong-meng - 2003
. 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 … as a spur to improve profitability, efficiency, investment, and growth. In contrast to the operating and financial …
