Conventional wisdom has held that companies in which governments
relinquished some level of control through privatization would
out-perform companies in which they retained a controlling interest or
had substantial veto powers. However, a new study from Vanderbilt Owen
Graduate School of Management finds that publicly traded companies
remaining under government control actually do better in terms of
performance and market value than companies that are more fully or
completely privatized. Full story.
Media contact: Scott Addison, Gabbe Group
(212) 220-4444, scott.addison@gabbe.com