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ArtikelManagement Control and Privatization in The United Kingdorn  
Oleh: Cragg, Michael Ian ; Dyck, I. J. Alexander
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Rand Journal of Economics vol. 30 no. 3 (1999), page 475-497.
Topik: privatization; management control; privatization; united kingdom
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: RR10.3
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
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Isi artikelWe examine the links between ownership and internal control for a sample of 112 state - owned, privatized, and publicly traded firms in the United Kingdom from 1970 to 1994. Privatized firms with at least four years in the private sector, like established publicly traded firms, exhibit a significant negative relationship between improved performance and the probability of resignation. Simulations using model estimates show a one - standard - deviation decrease in performance raises the probability of resignation by 90 % in publicly traded firms and by 180 % in established privatized firms. State - owned firms and privatized firms in their first four years show no relationship between the probability of resignation and changes in financial performance.
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