Browsing by Subject "Privatization"
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Item Governmental-Owner Power Imbalance and Privatization(2011-10-21) Xu, KehanPrivatization is defined as the sale of state-owned assets by governmental agencies to private investors (e.g., Megginson, Nash, Netter, and Poulsen, 2004; Villalonga, 2000). Research on privatization has focused on privatization techniques (e.g., share issue privatization or voucher privatization), social welfare, governmental commitments to economic development, and varieties of outcomes of privatizations. Most prior studies from the financial economics perspective take privatization as a natural research context to examine the function of capital markets, the impact of national institutional settings, and the differences between partial privatization and initial public offerings. Very little research, however, has examined the determinants of privatization from an organizational perspective. This dissertation proposes that privatization decisions of state-owned enterprises (SOEs) are influenced by different interests in governmental agencies. Using the resource dependence theory, I studied the power relationships of SOEs and their governmental owners. Four panel databases of 206 pharmaceutical firms across eight years in China were combined to answer the research question of this dissertation: What is the role of power imbalance between different governmental owners in the privatization of an SOE? The results suggest that organizational effectiveness and efficiency of an SOE increase the likelihood of its privatization. Results also show that provincial governmental owners are more likely to privatize SOEs if they can successfully attract foreign direct investment projects. Furthermore, the likelihood of privatization increases with the power asymmetry between the provincial government and the central government but decreases with the degree of the defense mechanism used by SOEs.Item Privately run health care in prisons : an industry and health impacts analysis(2014-08) Larsen, Rebecca Ann; Warner, David C.; Rountree, Michele A.The following report is an assessment of the privatization of health care in prisons. It attempts to better understand the industry, the leading companies, and to determine whether they are providing adequate and constitutionally mandated levels of care. The report begins with an overview of prison health care in the United States, covering its history and its current state. It then examines the private correctional health care industry by looking at industry structure, market share, and leading companies. In an attempt to analyze the impact this industry has on people behind bars, several research approaches were utilized, including a literature review, a review of government reports and court documents, a review of case studies, a narrative report of one individual's experiences, and an assessment of mortality rates. Research findings suggest that the current privatization model incentivizes limiting services rather than improving oversight and access to care. Mortality rates were found to be the highest in privately run care facilities. Case study findings further suggest that private correctional care is routinely inadequate and exposes prisoners to harm and risk of harm, including inhibited access to care, severe medical conditions, amputations, suicide, and death. The propensity of this harm compared to publicly run care remains inconclusive. Increased independent oversight and population reduction over privatization are recommended.Item Privatization of Drivers License Issuance(Law Enforcement Management Institute of Texas (LEMIT), 1996) Hirst, Johnny J.Item The privatization of public higher education: the relationship between state control and state funding of public institutions of higher learning(2003) Whitney, Karen Marie; Lasher, William F.Item Social Security privatization proposals: An analysis of winners and losers(2005-05) Counts, Roy W.; Ricketts, Robert C.; Steinmeier, Thomas L.; Masselli, John J.; Bremer, Ronald H.The current funding mechanism for Social Security is generally acknowledged to be inadequate to fund the retirement of future generations. Privatization has been seen as one way to solve the future funding problems. Both the Clinton administration and the Bush administration have convened commissions on Social Security. The 1994-1996 Advisory Council on Social Security, called for some level of privatization in two of the three proposals they recommended. The President’s Commission on Strengthening Social Security, recommended a degree of privatization in all three of the proposals that the commission offered. The study uses a stochastic simulation to project which groups of workers would benefit from and which workers would be harmed by the five privatization proposals offered by the two commissions. Using the Panel Study of income dynamics this work examines the effect on government sponsored pension benefits for workers. It includes marriage, divorce and remarriage and also stochastically generated market returns for the privatized funds.Item Social Security prvatization proposals: An analysis of winners and losers(Texas Tech University, 2005-05) Counts, Roy W.; Ricketts, Robert C.; Steinmeier, Thomas L.; Masselli, John J.; Bremer, Ronald H.The current funding mechanism for Social Security is generally acknowledged to be inadequate to fund the retirement of future generations. Privatization has been seen as one way to solve the future funding problems. Both the Clinton administration and the Bush administration have convened commissions on Social Security. The 1994-1996 Advisory Council on Social Security, called for some level of privatization in two of the three proposals they recommended. The President’s Commission on Strengthening Social Security, recommended a degree of privatization in all three of the proposals that the commission offered. The study uses a stochastic simulation to project which groups of workers would benefit from and which workers would be harmed by the five privatization proposals offered by the two commissions. Using the Panel Study of income dynamics this work examines the effect on government sponsored pension benefits for workers. It includes marriage, divorce and remarriage and also stochastically generated market returns for the privatized funds.