期刊
STRATEGIC MANAGEMENT JOURNAL
卷 22, 期 10, 页码 989-998出版社
JOHN WILEY & SONS LTD
DOI: 10.1002/smj.204
关键词
ownership; public sector firms; competitive intensity; privatization; India
Emerging countries are using privatization as a key strategy in their drive to become free market economies. Although these ownership changes are rapidly gaining prominence, the academic literature has been equivocal about the performance benefits of private vs. state ownership. The lack of clarity, in findings can be largely traced to the underspecification of the models that prior studies have examined. Specifically, prior studies have mostly ignored the central role of competitive rivalry. This paper proposes a model that centers around the interactive, inseparable effects of ownership and competitive rivalry on firm performance. Results of the empirical examination set in India show that competitive intensity, moderates the relationship between ownership and performance. Copyright (C) 2001 John Wiley & Sons, Ltd.
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