全球智库信息集成服务系统(G2TT): Ownership versus Environment: Why are Public Sector Firms Inefficient?

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w7043
来源ID	Working Paper 7043
	Ownership versus Environment: Why are Public Sector Firms Inefficient?
	Ann P. Bartel; Ann E. Harrison
发表日期	1999-03-01
出版年	1999
语种	英语
摘要	In this paper we disentangle the sources of public sector inefficiency using 1982-1995 panel data on manufacturing firms in Indonesia. We consider two leading hypotheses: (1) public sector enterprises are inefficient due to monitoring problems and (2) public sector enterprises are inefficient because of the environment in which they operate, as measured by the soft budget constraint. The two models are nested in a production function framework and the empirical results provide support for the second hypothesis. Public sector enterprises are inefficient because of their access to soft loans; public sector ownership has no independent impact on productivity growth. The finding that ownership per se does not matter, but environment does, holds when we control for fixed effects and when we allow for the endogeneity of government loans. Interestingly, private sector firms with access to government loans did not perform more poorly than other private sector enterprises. Another dimension of the environment, i.e. import penetration, also matters; public sector enterprises that have been shielded from import competition are inferior performers.
主题	Industrial Organization ; Nonprofits ; Microeconomics ; Households and Firms
URL	https://www.nber.org/papers/w7043
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/564565
推荐引用方式 GB/T 7714	Ann P. Bartel,Ann E. Harrison. Ownership versus Environment: Why are Public Sector Firms Inefficient?. 1999.

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w7043.pdf（251KB）	智库出版物		限制开放	CC BY-NC-SA	浏览