Privatizacion y "performance" de las OPVs españolas

  1. Cabeza García, Laura
  2. Gómez Ansón, Silvia
Book:
Estableciendo puentes en una economía global
  1. Pindado García, Julio (coord.)
  2. 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.