We contend that the decision between public and private ownership can be understood in a cost-benefit framework where … firms trade-off the governance benefits of private ownership with the potentially lower capital costs of public ownership …. Consequently, ownership structure can be understood by examining the governance model that maximizes firm value. We discuss the …

This paper delves further into the link between residual government ownership and corporate investment efficiency in …, Vietnam over the period from 2007 to 2015. We find that firms with higher residual government ownership are associated with … lower level of investment efficiency. The finding suggests that government ownership is less beneficial in privatized firms …

Privatization has been widely accepted as an effective avenue to improve the performance of State-Owned Enterprises … partially privatized to optimize their potential. This study investigates if, following their privatization, performance gaps … (SOEs) and reduce the performance gap between SOEs and private firms. Since the 1990s, many SOEs in Indonesia have been …

have set up stronger governance than domestic private firms that have not experienced privatization. I propose seven … hypotheses to explain the leading performance of privatized firms on corporate governance. I find that while some differences are … explained by the diversity of firm-level characteristics, privatized firms' better performance on setting up a board of …

. Researchers have conducted empirical studies on the performance of State-Owned Enterprises (SOEs) vis-à-vis private ones and to a … economy and hence have engaged in privatization and sell-out efforts. Still, the Indian state owns about 277 enterprises, of … discipline as are the private listed companies. This study at first explains the rationale behind the state's ownership of …