Public Enterprises Performance and the Privatization Debate
Author: African Association for Public Administration and Management (Addis Ababa, Ethiopia)
Publisher:
Published: 1987
Total Pages: 548
ISBN-13:
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Privatization and Public Enterprises
Author: Mr.Richard Hemming
Publisher: International Monetary Fund
Published: 1998-09-15
Total Pages: 34
ISBN-13: 9781557750051
DOWNLOAD EBOOKThis paper examines the role that privatization can play within a wider strategy designed to overcome the problems associated with public enterprises. For this purpose, privatization is defined as a transfer of ownership and control from the public to the private sector, with particular reference to asset sales. It is therefore equated with total or partial denationalization. Economic efficiency is not only the key to improving the performance of the public enterprise sector, but is also the source of other gains often attributed to privatization, in particular, its favorable budgetary impact. To public enterprises that are subject to national or international competition, privatization offers the possibility of increased productive efficiency as government financial backing is withdrawn and bankruptcy and takeover become possibilities. The admissibility and desirability of privatization, as well as what types of enterprise should be privatized, ought to be determined by similar considerations in both industrial and developing countries.
Privatization
Author: Graeme Hodge
Publisher: Routledge
Published: 2018-03-09
Total Pages: 320
ISBN-13: 0429966571
DOWNLOAD EBOOKContracting out public sector services and divesting public enterprises are reforms that have enjoyed widespread global popularity in recent years. Better services, lower prices and greater accountability are the promises made by politicians, senior executives, and investment companies when functions are moved from the public sector to private enterprise. But in Privatization, Graeme A. Hodge challenges these assumptions. Through an examination of hundreds of international studies on the performance of privatization activities, Hodge demonstrates that privatizing public services is often not the guaranteed panacea portrayed by its political supporters. Importantly, privatization activities can lead to modest gains, but there are also winners and losers in this reform. It therefore deserves far more care and balanced debate than it usually attracts.
Public Versus Private Ownership
Author: Mary M. Shirley
Publisher: World Bank Publications
Published: 2000
Total Pages: 72
ISBN-13:
DOWNLOAD EBOOKDisappointment with insider trading in Russia, with voucher privatization in the Czech Republic, and with the privatization of infrastructure in many developing countries in many developing countries has spawned new critiques of privatization. How do theory and empirical evidence answer the much-debated questions, which is more important to performance, competition or private ownership? Are state enterprises more subject to welfare-reducing interventions by government than private firms are? Do state enterprises suffer more from problems of corporate governance?
Public Enterprise Management and Privatisation
Author: Laxmi Narain
Publisher: S. Chand Publishing
Published: 2005
Total Pages: 458
ISBN-13: 9788121904926
DOWNLOAD EBOOKA number of public enterprise (PE) executives have long felt the need for a book which would provide necessary information and analysis of various dimensions of PE management and privatisation. The book provides at one place, a precise and authoritative account of the concept, policy, and analysis of major issues confronting PEs. Public ownership per se does not make PE performance sub-optimal. The operation of the Government system, of which PE is a sub-system, has not been conducive to performance. During the last six decades, inadequate political will and vested interests have come in the way of freeing PEs from excessive and throttling controls, and demoralising accountability. Not letting the managers manage with the freedom required in the liberalised and globalised set-up is the problem. The multifarious and complex managerial problems of PEs, which get compounded by faltering moves towards privatisation, cannot be wished away. These have been considered in the book at some length. The book, first published in 1980, continues to be a standard work on the subject. This latest edition has been revised by Dr. R.K.Mishra, Director, Institute of Public Enterprise,Hyderabad.
Privatization in Practice
Author: Joaquin Jay Gonzalez III
Publisher: McFarland
Published: 2016-07-12
Total Pages: 249
ISBN-13: 1476625689
DOWNLOAD EBOOKCost efficiency was the initial goal of privatization--achieved in many cases but not consistently. Public services provided by the private sector were cheap in the beginning but became increasingly expensive, especially to low-income citizens. The lessons learned from early successes and failures gave birth to a new goal--effectiveness of services, as measured by accountable results. Government officials are not looking just for proven budget savings; they must also be concerned with the quality of public services and ultimately the happiness of citizens and communities. In its updated second edition, this collection of essays explores the good and the bad sides of privatization. Instructors considering this book for use in a course may request an examination copy here.
Privatization and Public Enterprises
Author: Richard Hemming
Publisher:
Published: 2006
Total Pages: 59
ISBN-13:
DOWNLOAD EBOOKThis paper considers whether privatization is an appropriate response to the problems associated with large public enterprise sectors in industrial and developing countries. It is argued that privatization is likely to be the source of some gains in efficiency, as privatized enterprises are less susceptible to political interference, management incentives are improved, and government financial backing is withdrawn. However, more significant gains can be expected from measures that result in public or privatized enterprises being subjected to competitive pressures, and attempts to improve upon incentive and control mechanisms currently used to influence public enterprise performance. From the fiscal point of view, only if there are associated improvements in efficiency can privatization be of benefit to the budget.
Studies in Public Enterprise
Author: Venkata Vemuri Ramanadham
Publisher: Psychology Press
Published: 1987
Total Pages: 240
ISBN-13: 9780714632674
DOWNLOAD EBOOKFirst Published in 1987. Routledge is an imprint of Taylor & Francis, an informa company.
Privatization Or Public Enterprise Reform?
Author: Ali Farazmand
Publisher: Praeger
Published: 2001
Total Pages: 296
ISBN-13:
DOWNLOAD EBOOKThis book explores the complex question, "Is privatisation a good public policy?"
Privatization and State-Owned Enterprises
Author: Paul W. Macavoy
Publisher: Springer Science & Business Media
Published: 2012-12-06
Total Pages: 366
ISBN-13: 9401174296
DOWNLOAD EBOOKThe book is divided into three major sections. The first presents a theoretical discussion that underlies the other essays. The second section deals with privatization issues from the perspective of the United States. The third describes research addressed to the U. K. and Canada. In the first chapter, Richard Zeckbauser and Murray Horn develop a wide-ranging theoretical framework for assessing the capabilities and role of state-owned enterprises; it provides a foundation for the analyses that follow. In The Control and Perfonnance o[ State-Owned Enterprises , they describe state-owned enterprises as an extreme case of the separation of ownership and control. The focus is on management --the incentives it faces and the conflicts to which it is subjected. The distinguishing characteristics of public enterprise, the authors suggest, give it a comparative advantage over both public bureaucracy and private enterprise in certain situations. They argue that legislators are more likely to prefer SOEs over private enterprise when the efficiency of private enterprise is undermined by regulation or the tbreat of opportunistic state action, when the informational demands of subsidizing private production to meet distributional objectives are high, when it is difficult to assign property rights, or when state ownership is ideologically appealing. These considerations suggest why SOEs are usually assigned special rights and responsibilities, and they help explain observed regularities in the distribution of SOEs across countries and sectors. Zeckhauser and Horn apply principal-agent theory to identify the key factors underlying the performance of state-owned enterprises.
