Partial Privatization and Firm Performance

By Nandini Gupta. 2005

670 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/15ecb5bc469edaa2905de2b7c7b487a46cea2249

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Citations in the corpus

New Varieties of State Capitalism: Strategic and Governance Implications (2015, background): “Gupta (2005), for instance, found that listing and selling minority stakes to private investors increased the performance of SOEs in India compared to non-listed firms wholly owned by the state (for a review see Megginson, 2005, pp. 106–107).”
An anatomy of state control in the globalization of state-owned enterprises (2015, background): “, Petrobras), and other transition economies become more market-oriented following corporate governance reforms (Gupta, 2005; Inoue et al., 2013).”
The Decision to Privatize: Finance and Politics (2011, background): “In the 2004 elections, the Congress Party and its allies obtained a winning majority with the BJP as the main opposition.”
Friend or Foe? The Role of State and Mutual Fund Ownership in the Split Share Structure Reform in China (2010, neutral): “Examples of studies on privatization in transitional economies include Chen, Firth, and Rui (2006) and Gupta (2005).”
Profiting from Government Stakes in a Command Economy: Evidence from Chinese Asset Sales (2010, background): “performance changes, see Gupta (2005), Megginson, Nash, and Van”
Ownership structure, corporate governance, and fraud: Evidence from China (2006, background): “Gupta (2005) finds that partial privatizations in India have a positive impact on a firm’s sales, profits, and labo productivity.”
Leviathan as a Minority Shareholder: Firm-Level Implications of State Equity Purchases (2013, background): “, aggressive profit sharing) and are not subject to close monitoring by private owners acting as “residual claimants” (Gupta, 2005; Vickers & Yarrow, 1988).”
Risk and the strategy of foreign location choice in regulated industries (2008, background): “The literature documents that the new shareholders tend to push SOE managers to adopt more aggressive strategies in order to improve financial performance, especially if some of the equity becomes publicly listed (Zhara et al., 2000; Gupta, 2005; Roland and Sekkat, 2000).”
Politically-Connected CEOs, Corporate Governance and Post-IPO Performance of China's Partially Privatized Firms (2014, background): “Second, it provides additional evidence on the effects of government ownership on postprivatization performance (Kole and Mulherin, 1997; Boubakri, Cosset, and Guedhami, 2005; D’Souza, Megginson, and Nash, 2005; Gupta, 2005 ).”
The value of government ownership during the global financial crisis (2017, background): “Several empirical studies (e.g., D’Souza, Megginson and Nash, 2005; Dewenter and Malatesta, 2001; Gupta, 2005; Megginson, Nash, and Randenborgh, 1994) support the political interference hypothesis.”
The Role of State and Foreign Owners in Corporate Risk-Taking: Evidence from Privatization (2013, positive): “First, by showing how postprivatization ownership structure conditions NPFs’ risk-taking, which affects in turn firm performance, we extend the corporate governance literature on the link between ownership structure and firm performance (Frydman et al., 1999; Gupta, 2005; Boubakri et al., 2005).”