Privatization in competitive environment: Evidence from Finland's manufacturing sector

Sakari Lähdemäki

Journal of Economic Behavior & Organization, 2024, vol. 220, issue C, 402-421

Abstract: This paper studies the effects of privatization on establishments/plants operating in Finland's manufacturing sector during 1988-2012, concentrating on operational efficiency (sales/ employment). Finland's privatizations allow considering a quasi-experimental design. Therefore, the paper utilizes standard and generalized event-study designs using a control group matched from similar private establishments. Additionally to the event where state ownership drops below 50 percent, the paper studies whether any reductions in state share affect productivity. The results suggest that privatization increases productivity due to a decrease in employment.

Keywords: Privatization; Productivity; Manufacturing sector; Plant-level; Generalized event study (search for similar items in EconPapers)
JEL-codes: D22 L25 L33 L60 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:220:y:2024:i:c:p:402-421

DOI: 10.1016/j.jebo.2024.02.023

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