Privatization and Agency Status: Identifying the Critical Factors for Performance Improvement

David Parker

60 citations0/0 files storedBritish Journal of Management

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Corporate Finance and Governance International Business and FDI Public Policy and Administration Research

Abstract

SUMMARY Earlier research into the impact of public and private ownership on economic and financial performance concluded that performance may be affected but that the relationship is more complicated than policy makers have often assumed. This paper is concerned with explaining these earlier results in terms of changes in the internal environment of organizations. Six key internal characteristics are identified from the management literature and the history of ten UK organizations is summarized in terms of these characteristics. The model appears to be robust. Performance changes and lack of change are explained by the internal environment. The results are congruent with organizational theory which suggests that the internal environment has to adapt to changes in the external environment.

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References

2011External Control of Organizations: Resource Dependence Perspective 1980Agency Problems and the Theory of the Firm 1979The External Control of Organizations: A Resource Dependence Perspective 1994The Management of Innovation 1967Organization and environment 1950Uncertainty, Evolution, and Economic Theory 1962Strategy and Structure: Chapters in the History of the American Industrial Enterprise 1979On Studying Organizational Cultures

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