Privatization: An International Review of Performance

By Graeme A. Hodge | Go to book overview

8
Performance Data for Privatization as Enterprise Sales

Having undertaken a review of privatization in the form of contracting out, I will now turn to privatization viewed as the sale of an enterprise. In these next two chapters, I review the international performance measurements made for such sales. In this chapter, I will discuss the selection process, and will also describe what this data looks like--where it is from, who produced it, and how it was reported. In Chapter 9, I then undertake a brief narrative review and a meta- analysis of this data. Through this, I seek to gain a better picture of the evidence on the performance of government enterprises when they are sold to the private sector. As the discussion progresses, my aim is not only to get a better definition of the issues at stake in these privatizations, but also to get an improved understanding of how enterprise performance itself changes when privatized, and, importantly, to achieve better clarity as to the winners and losers of privatization processes.


SEARCHING FOR DATA

As was the case for contracting out, the literature is again voluminous. A large body of reports appears to claim empirical evidence on the performance of selling enterprises. Recall that the search undertaken to ensure maximum coverage of findings on this topic covered the three major databases ABI/INFORM, PAIS, and DAO. Additionally, the bibliographies of all major reviews and the majority of other references were covered, as well as thesis listings and some suggestions from colleagues.

Some 292 references directly relating to the performance of privatization as the sale of enterprises were identified, along with a further 266 relevant general reviews and discussions of the effectiveness of relationships between public and private sector business. Abstracts of all references were read, and the retrieval of all articles was followed up. A closer look was then made at these 292 references, all

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