摘要：The effect of privatization on the performance of the Spanish companies that were sold through public offers from 1985 to 2007 is analyzed in terms of mean and median difference assessment. Once considered the sector effect, the analysis reveals a slightly better long term performance of the private companies. However, according to the study, explaining the success of privatization processes seems to require the consideration of some other factors such as exercised government control, presence of foreign investors, competence level or company size.
其他摘要：The effect of privatization on the performance of the Spanish companies that were sold through public offers from 1985 to 2007 is analyzed in terms of mean and median difference assessment. Once considered the sector effect, the analysis reveals a slightly better long term performance of the private companies. However, according to the study, explaining the success of privatization processes seems to require the consideration of some other factors such as exercised government control, presence of foreign investors, competence level or company size.
关键词：privatization;public offer;company performance;determinants;privatización;oferta pública de venta;funcionamiento empresarial;determinantes;privatização;oferta pública de venda;funcionamento empresarial;determinantes
其他关键词：privatization; public offer; company performance; determinants
