This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window

Journal of Economic Literature: Vol. 39 No. 2 (June 2001)

Expand

Quick Tools:

Print Article Summary
Export Citation
Sign up for Email Alerts Follow us on Twitter Subscription Information
(Institutional Administrator Access)

Explore:

JEL - All Issues

JEL Forthcoming Articles JEL Indexes (Members Only)

From State to Market: A Survey of Empirical Studies on Privatization

Article Citation

Megginson, William L., and Jeffry M. Netter. 2001. "From State to Market: A Survey of Empirical Studies on Privatization." Journal of Economic Literature, 39(2): 321-389.

DOI: 10.1257/jel.39.2.321

Abstract

This study surveys the literature examining the privatization of state-owned enterprises (SOEs) We review the history of privatization, the theoretical and empirical evidence on the relative performance of state owned and privately owned firms, the types of privatization, if and by how much privatization has improved the performance of former SOEs in non-transition and transition countries, how investors in privatizations have fared, and the impact of privatization on the development of capital markets and corporate governance. In most settings privatization "works" in that the firms become more efficient, more profitable, and financially healthier, and reward investors.

Article Full-Text Access

Full-text Article

Authors

Megginson, William L. (U OK)
Netter, Jeffry M. (U GA)

JEL Classifications

L33: Comparison of Public and Private Enterprises; Privatization; Contracting Out
P31: Socialist Enterprises and Their Transitions
P16: Capitalist Systems: Political Economy
P26: Socialist Systems and Transitional Economies: Political Economy; Property Rights


Journal of Economic Literature


Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)

Explore:

JEL - All Issues

JEL - Forthcoming Articles

JEL Indexes (Members Only)


Virtual Field Journals


AEA Member Login:


AEAweb | AEA Journals | Contact Us