TY - JOUR
T1 - Foreign participation and hiring patterns after privatization
AU - Chong, Alberto
AU - Galdo, Virgilio
PY - 2009/2/27
Y1 - 2009/2/27
N2 - Critics of globalization claim that foreign ownership of privatized firms is linked to negative post-privatization labor outcomes, such as more firing and less hiring. This paper uses new firm-level data for a cross-section of countries to test this idea and provides evidence that foreign purchasers of state-owned enterprises tend to acquire firms that were already better restructured before privatization. Additionally, this paper does not find evidence that foreign participation in privatized firms is linked to negative labor outcomes.
AB - Critics of globalization claim that foreign ownership of privatized firms is linked to negative post-privatization labor outcomes, such as more firing and less hiring. This paper uses new firm-level data for a cross-section of countries to test this idea and provides evidence that foreign purchasers of state-owned enterprises tend to acquire firms that were already better restructured before privatization. Additionally, this paper does not find evidence that foreign participation in privatized firms is linked to negative labor outcomes.
UR - https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=60749103254&origin=inward
UR - https://www.scopus.com/inward/citedby.uri?partnerID=HzOxMe3b&scp=60749103254&origin=inward
U2 - 10.1111/j.1467-9914.2008.00447.x
DO - 10.1111/j.1467-9914.2008.00447.x
M3 - Article in a journal
SN - 1121-7081
VL - 23
SP - 195
EP - 207
JO - Labour
JF - Labour
IS - 1
ER -