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Better governance matters optimal privatization policy

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journal contribution
posted on 2023-09-21, 10:12 authored by Leonard FS Wang, Tien-Der HanTien-Der Han

The quality of corporate governance is influential to operating efficiency of a public firm and thereby affects the government’s privatization policies. Within a mixed duopoly market, this paper considers corporatization and related corporate governance improving in economic sense to show that the effects of public firm’s governance enhancement can be extracted out from the effects of privatization. More importantly, the optimal privatization policy should be a flexible instrument hinging on the extent of governance improvement. Scenarios with a less efficient or an equally efficient public firm are considered and the result holds in both scenarios. Hence policy implications apply.

Funding

National Council of Taiwan under Grant NSC102-2410-H-390-003-MY2

History

School

  • Loughborough Business School

Published in

Eurasian Economic Review

Volume

5

Issue

2

Pages

189 - 206

Publisher

Springer

Version

  • AM (Accepted Manuscript)

Rights holder

© Eurasia Business and Economics Society

Publisher statement

This version of the article has been accepted for publication, after peer review (when applicable) and is subject to Springer Nature’s AM terms of use, but is not the Version of Record and does not reflect post-acceptance improvements, or any corrections. The Version of Record is available online at: https://doi.org/10.1007/s40822-015-0025-6

Acceptance date

2014-11-10

Publication date

2015-05-19

Copyright date

2015

ISSN

1309-422X

eISSN

2147-429X

Language

  • en

Depositor

Dr Tien-Der Jerry Han. Deposit date: 14 September 2023

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