The Success of Newly Privatized Companies: New Evidence from Tanzania

Temu, Andrew E.; Due, Jean M.

doi:10.1080/02255189.1998.9669753

Cited by 17 publications

(9 citation statements)

References 6 publications

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“…In most cases, investments, production, sales and valueadded increased sharply post-sale. Temu and Due (1998) review Tanzania's privatisation experience and examine the post-sale performance of 158 SOEs divested through 1999. They begin by documenting the extremely poor physical and financial condition of Tanzanian manufacturing firms before privatisation.…”

Section: Studies Of Privatisation In Africamentioning

confidence: 99%

Privatisation in Developing Countries

Megginson¹,

Sutter²

2006

Corporate Governance

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We survey empirical studies examining privatisation's effects in developing economies. Most of these studies find that privatisation yields improvements in the operating and financial performance of divested firms, and only a handful document outright performance declines after privatisation. Almost all studies that examine post-privatisation changes in output, efficiency, profitability, capital investment spending and leverage document significant increases in the first four measures and significant declines in leverage. The studies examined here are far less unanimous regarding the impact of privatisation on employment levels in privatised firms. Studies that explicitly address the sources of post-privatisation performance improvement using data from multiple non-transition economies tend to find stronger efficiency gains for firms in regulated industries, in firms that restructure operations after privatisation, and in countries providing greater amounts of shareholder protection. Copyright (c) 2006 The Authors; Journal compilation (c) 2006 Blackwell Publishing Ltd.

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Section: Studies Of Privatisation In Africamentioning

confidence: 99%

Privatisation in Developing Countries

Megginson¹,

Sutter²

2006

Corporate Governance

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“…"The overriding conclusion ….is that performance of privatized companies has met and even surpassed expectations." 10Temu and Due (1998 and also reviewed Tanzania's privatization experience and examined in detail post-sale performance in a set of firms. Of the 158 firms divested through 1999, 136 (34 % of the pre-privatization universe of 395 SOEs)…”

Section: Better News…mentioning

confidence: 99%

Privatization in Africa: What Has Happened? What is to be Done?

Nellis

2003

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in

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“…The main cause of this was the chronic underutilisation of capacity, falling to below 30% across manufacturing enterprises through the 1970s (Bigsten and Danielson 2001) and to less than 10% capacity utilisation in many textile mills by the mid 1980s (Ladha 2000). Some cases were even more extreme; for example, the Morogoro Shoe Company, built with donor finance to produce shoes mainly for export, never reached more than 4% of installed capacity (Temu and Due 1998). In many parastatals, underutilisation of capacity coexisted with continued investment in capacity expansion (Wangwe 1979).…”

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confidence: 98%

Industrial policy and the political settlement in Tanzania: aspects of continuity and change since independence

Gray

2013

Review of African Political Economy

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This article explores Tanzania's experience of industrial policy since independence through the concept of the political settlement. Higher growth in manufacturing since 1996 has been seen as a vindication of neoliberal policies of market liberalisation. Yet, the neoliberal approach fails to take account of the important legacy of state-led industrialisation under socialism and aspects of the political economy of the state in Tanzania that explain some of the longer-term constraints on industrialisation. Critical aspects of Tanzania's political settlement relate to state -capital relations and the distribution of power between contenting factions of intermediate classes within the state.

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The Success of Newly Privatized Companies: New Evidence from Tanzania

Cited by 17 publications

References 6 publications

Privatisation in Developing Countries

Privatisation in Developing Countries

Privatization in Africa: What Has Happened? What is to be Done?

Industrial policy and the political settlement in Tanzania: aspects of continuity and change since independence

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