Ownership versus competition: Efficiency in public enterprise

Vining, Aidan R.; Boardman, Anthony E.

doi:10.1007/bf00145092

Cited by 386 publications

(198 citation statements)

References 134 publications

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“…Private companies that have survived the turbulent period should not be less viable than public companies. This is supported by many studies cited by Vining and Boardman (1992) that find no difference in profitability between private and public firms. Thus:…”

Section: E-tailer Ownershipsupporting

confidence: 60%

The dynamic nature of survival determinants in e-commerce

Nikolaeva

2007

J. of the Acad. Mark. Sci.

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Section: E-tailer Ownershipsupporting

confidence: 60%

The dynamic nature of survival determinants in e-commerce

Nikolaeva

2007

J. of the Acad. Mark. Sci.

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“…If the public firm is more or equally efficient than the private firms, the public firm would produce a quantity such that the market price equals its marginal cost, resulting in a public monopoly (see Pal, 1998;Estrin and de Meza, 1995). Empirical evidence shows both the superior efficiency of private firms relative to comparable public firms (Mueller, 1989;Vining and Boardman, 1992), and the improvement in efficiency after privatization (Kikery et al 1992;Megginson et al 1994). 2 We show this result in Lemmas 4 and 5.…”

Section: Introductionmentioning

confidence: 70%

Mixed Oligopoly and Environmental Policy

Bárcena‐Ruiz

Garzón

2006

Spanish Economic Review

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The literature on mixed oligopoly does not consider the role that the environmental policy of the government plays on the decision whether to privatize public firms. Assuming that there are one public firm and n private firms and that the government chooses an environmental standard we show that, when the number of private firms is low enough, the public firm is privatized if it is inefficient enough. When the number of private firms is high enough, the government always privatizes the public firm. We also show that the range of values of the parameters for which the government privatizes the public firm is greater than when environmental policy is not considered.

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“…With respect to state ownership, empirical studies find that private companies are significantly more profitable than SOEs (Mengistae and Xu, 2004;Dewenter and Malatesta, 2001;La Porta et al, 2000;Tian, 2000;Ehrlich et al, 1994;Vining and Boardman, 1992;Boardman and Vining, 1989). 1…”

Section: Literature Reviewmentioning

confidence: 99%

Ownership, performance and executive turnover in China

Chi

Wang

2009

Journal of Asian Economics

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Abstract:To better understand the relationship between different types of firm ownership and management turnover, this study classifies ownership along two dimensions: the type of owner and the concentration of ownership. Within this framework, a unique data set is used to study the impact of management turnover on a company's performance. This study, in addition to confirming some of the results from previous studies, includes interesting and important new results. Most importantly, it finds evidence that the sensitivity of CEO turnover to performance is weaker in statecontrolled firms than in non-state firms, and varies according to different subtypes of private ownership. We also demonstrate that the turnover-performance relationship is curvilinear in ownership concentration, but that this relationship moves in opposite directions under state and private ownership. Important policy implications of these findings are discussed.

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Ownership versus competition: Efficiency in public enterprise

Cited by 386 publications

References 134 publications

The dynamic nature of survival determinants in e-commerce

The dynamic nature of survival determinants in e-commerce

Mixed Oligopoly and Environmental Policy

Ownership, performance and executive turnover in China

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