Privatizacion y "performance" de las OPVs españolas
- Cabeza García, Laura
- Gómez Ansón, Silvia
- Pindado García, Julio (coord.)
- Payne, Gregory (coord.)
Publisher: Escuela Superior de Gestión Comercial y Marketing, ESIC
ISBN: 978-84-7356-556-1
Year of publication: 2008
Volume Title: Ponencias
Volume: 1
Pages: 81
Congress: Asociación Europea de Dirección y Economía de Empresa. Congreso Nacional (22. 2008. Salamanca)
Type: Conference paper
Abstract
This paper aims to analyse the effect of privatisation on the performance of Spanish firms that were privatised through public offerings over the period 1985-2001. The results suggest a small improvement in firms� industry adjusted performance on the long term as well as the importance of considering additional factors in order to explain the success of privatisation processes. The control retained by the State, the presence of a foreign investor in firms� capital, the industry� competitiveness, the ideology of the government that initiates the privatisation or firms� size influence divested firms� performance.