FORCES AND EFFECTS IN THE PRIVATISATION PROCESS: AN EMPIRICAL STUDY OF TELECOMMUNICATIONS COMPANIES IN GERMANY AND ROMANIA
Andreas Kompalla, and
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Andreas Bartels,: Bucharest University of Economic Studies, 010374, Romania
Vanessa Just,: Bucharest University of Economic Studies, 010374, Romania
Andreas Kompalla,: Bucharest University of Economic Studies, 010374, Romania
Jochen Schmid: Bucharest University of Economic Studies, 010374, Romania
EcoForum, 2017, vol. 6, issue 1, 10
Privatisation is supposed to lead to an increased efficiency and performance of a company. However, the internal and external environment of an enterprise is quite complex and many factors influence the organisation before and after the privatisation. The privatisation of a company (especially if it holds a natural monopoly) might be accompanied by a liberalisation of the market and the introduction of regulation. A model was developed which integrates all the major forces and effects with an influence on the performance of the company â€“ incorporating also the peculiarities of transition economies. The model was verified on two telecommunications companies from Germany and Romania and shows inter alia that the effects â€œLaws and policiesâ€ and â€œEconomic conditionâ€ may influence the overall performance of privatised companies in transition economies.
Keywords: Competition; Efficiency; Privatisation; State-owned company; Telecommunications (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:scm:ecofrm:v:6:y:2017:i:1:p:10
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