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Management 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
Lihat Detail Induk
Isi artikel
We 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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