Before and after privatization: a comparison between competitive firms

Giovanni Fraquelli ()
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Giovanni Fraquelli: Ceris - Institute for Economic Research on Firms and Growth,Turin, Italy

CERIS Working Paper from CNR-IRCrES Research Institute on Sustainable Economic Growth - Torino (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY

Abstract: The analysis regarding the results of firms privatized mainly during the Eighties within competitive sectors confirms the superiority of private control. The comparison between suitable control samples shows an improvement in profitability associated to a clear progress in labour productivity. However, for many firms, this recovery was still insufficient to guarantee an active and lasting presence on the market. This evolution questions the functioning of the market, the selectivity of the financial operators and the incentive system used in the past as an industrial policy tool.

JEL-codes: L32 L33 (search for similar items in EconPapers)
Pages: 28 pages Keywords : Privatization, Profitability, Competition
Date: 1998-06
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Persistent link: https://EconPapers.repec.org/RePEc:csc:cerisp:199802

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