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Does Ownership Matter? The Performance and Efficiency of State Oil vs. Private Oil (1987-2006)

Wolf, Christian O. H. - 2009

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 …

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