Privatization and restructuring: an incomplete-contract approach
Article Abstract:
Privatizations can be delayed due to problems with restructuring. Investment may be inadequate if the restructuring is carried out before a company is privatized. A privatization agency seeking to maximize cash revenue can carry out restructuring efficiently, as can the buyer. One party should take on responsibility for investments that are relationship-specific. Uncertainty is likely to mean underinvestment whether restructuring is carried out by a buyer and a privatization agency.
Publication Name: Journal of Institutional & Theoretical Economics
Subject: Economics
ISSN: 0932-4569
Year: 1999
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The corporate culture myth
Article Abstract:
Most organizations are challenged by the process on how to continuously reinvent themselves in situations of discontinuities and uncertainty. The association between technology and culture, the reality that one results from another developed in a change situation has to be understood. An organization results from an opportunity and its goal is driven by exploitation of the opportunity requiring the development, application and optimisation of a technology.
Publication Name: Long Range Planning
Subject: Economics
ISSN: 0024-6301
Year: 1998
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Corporate restructuring and the consolidation of US industry
Article Abstract:
An examination of 695 US industries in the services, manufacturing and basic sectors shows that industrial concentration did not rise very significantly in the 1980s. Further analysis shows that at the industry level, there was little evidence to support the view that inter-firm asset sales, acquisitions and mergers affected the profile of industrial concentration in the sectors examined.
Publication Name: Journal of Industrial Economics
Subject: Economics
ISSN: 0022-1821
Year: 1996
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