Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

If You Use a Screen Reader

This content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.

Partial Divestiture and Performance of Indian Public Sector Enterprises

Sudhir Naib
Economic and Political Weekly
Vol. 38, No. 29 (Jul. 19-25, 2003), pp. 3088-3093
Stable URL: http://www.jstor.org/stable/4413811
Page Count: 6
  • Read Online (Free)
  • Download ($9.00)
  • Subscribe ($19.50)
  • Cite this Item
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Partial Divestiture and Performance of Indian Public Sector Enterprises
Preview not available

Abstract

Global empirical studies of privatised firms show a significant improvement in their performance after privatisation. This is true in case of fully as well as partly privatised firms. What is the evidence for Indian divested enterprises in this regard? This paper attempts an analysis by empirically examining the impact of divestiture. The results indicate that in case of partial divestiture, where divested equity is thinly spread with the majority shareholding still with the government, there has been no improvement in terms of profitability and operational efficiency. The paper therefore endorses the government's current policy of strategic sale, where management control passes to the strategic partner.

Page Thumbnails

  • Thumbnail: Page 
3088
    3088
  • Thumbnail: Page 
3089
    3089
  • Thumbnail: Page 
3090
    3090
  • Thumbnail: Page 
3091
    3091
  • Thumbnail: Page 
3092
    3092
  • Thumbnail: Page 
3093
    3093