Should state-owned firms change CEOs before privatization? Some evidence from the telecommunications industry

Alberto Chong, Virgilio Galdo

Producción científica: Contribución a una revistaArtículo de revista revisión exhaustiva

1 Cita (Scopus)

Resumen

Should state-owned enterprises change chief executive officer (CEO) before privatizing? We test competing views on this question by complementing a recently released database with newly collected data. We are able to cover 77 telecommunications privatizations, which account for nearly 80% of the sector in terms of value. We find that CEO replacement will improve performance in the telecommunications industry before privatization as measured by penetration, operating efficiency and profitability. Chief executive officer change before privatization does appear to have real consequences in firm performance before privatization.
Idioma originalInglés
Páginas (desde-hasta)591-595
Número de páginas5
PublicaciónApplied Economics Letters
Volumen14
N.º8
DOI
EstadoPublicada - 1 jun. 2007
Publicado de forma externa

Huella

Profundice en los temas de investigación de 'Should state-owned firms change CEOs before privatization? Some evidence from the telecommunications industry'. En conjunto forman una huella única.

Citar esto