Show simple item record

dc.creatorCollazos-Rodríguez, Jaime Andrés
dc.creatorOchoa, Héctor
dc.description.abstractThe purpose of this study is to determine whether companies privatized in Colombia during the 1990s had a substantial increase in productivity and profitability as a result of management changes that must have occurred or, on the contrary, these companies continued to have similar performance levels. The latter contradicts the assumption that new owners would implement substantial strategic changes - as international experience shows. If this is the case, then it would be fit to raise the following question: "What circumstances may have encouraged new owners not to make any substantial changes to the business strategies for their recently acquired companies?" A possible answer to this question is that, on the one hand, the approaches of the government to the privatization process, particularly with regard to the screening of purchasers, and on the other hand, the level of concentration of the resulting market structure after privatization could account for the difference in the behavior of new entrepreneurs vs. international practice. If the negotiating process of these companies was not transparent enough or the resulting market structure was not competitive enough, then there might not be insufficient incentives for new owners to behave more efficiently.
dc.format.extent34 páginas : tablas
dc.publisherBanco de la República de Colombia
dc.relation.ispartofDocumentos de Trabajo
dc.relation.ispartofseriesEnsayos Sobre Economía Regional
dc.relation.isversionofEnsayos Sobre Economía Regional ; No. 28i
dc.rights.accessRightsOpen Access
dc.subjectEmpresas inmobiliarias
dc.subjectPrueba de Wilcoxon
dc.titleThe effects of a monopolistic market structure on the assessment of privatized companies: the Colombia case
dc.typeWorking Paper
dc.subject.jelD4 - Market Structure, Pricing, and Design
dc.subject.jelD6 - Welfare Economics
dc.subject.jelM00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics: General
dc.subject.jelL1 - Market Structure, Firm Strategy, and Market Performance
dc.subject.jelL2 - Firm Objectives, Organization, and Behavior
dc.subject.keywordEstate-owned companies
dc.subject.keywordWilcoxon´s test
dc.subject.lembPrivatización de empresas -- Colombia -- 1990-2000 -- Estudio de casos
dc.subject.lembEmpresas privatizadas -- Aspectos económicos -- Colombia -- 1990-2000 -- Estudio de casos
dc.subject.lembPrivatización de empresas -- Metodología
dc.type.spaDocumentos de trabajo
dc.rights.spaAcceso abierto
dc.rights.ccAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0
dc.subject.jelspaD4 - Estructura de mercado, formación de precios y diseño
dc.subject.jelspaD6 - Economía del bienestar
dc.subject.jelspaM00 - Administración de empresas y economía de la empresa; Marketing; Contabilidad; Economía de la gestión de personal: Generalidades
dc.subject.jelspaL1 - Estructura de mercado, estrategia empresarial y funcionamiento del mercado
dc.subject.jelspaL2 - Objetivos, organización y comportamiento de la empresa
dc.type.hasversionPublished Version
dc.source.bibliographicCitationBarberis, N., Boycko, M., Schleifer, A. y Tsukanova, N, (1996). “How does privatization work? Evidence from Russian shops” Journal of Political Economy, vol. 104, No 4.
dc.source.bibliographicCitationFontoura, José Osvaldo (2000). A privatizaçao de empresas estatais melhora sua performance? Evidencia do caso Brasileiro. Universidade Federal do Rio Grande do Soul.
dc.source.bibliographicCitationPerotti, E. y van Oijen, P., (2000), “Privatization, political risk and stock market development in emerging economies”, Journal of International Money and Finance.
dc.rights.disclaimerLas opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.

Files in this item


This item appears in the following Collection(s)

Show simple item record

This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit