Management and employee buy-outs from the Australian public sector
By: Wieser, Oliver.
Contributor(s): Robbie, Ken | Wright, Mike.
Material type:
ArticlePublisher: 1997Description: p.689-711.Subject(s): Privatization - Australia | Public sector - Australia | Privatization
In:
Annals of Public and Cooperative EconomicsSummary: This paper seeks to extend our understanding of the nature and effects of privatization to the case of Austria, a relatively small economy in which management buy-outs have been a numerically important but neglected part of the privatization programme. The study reviews the development of privatization in Austria and sets management and employee buy-outs within this context. The paper identifies 35 privatization buy-outs, analysing their form and industrial distribution. Evidence from detailed interviews with the 22 largest is used to analyse the effects of buy-out on corporate change, the role of insiders and performance. Comparisons are made with the UK, where management and employee buy-outs have also been an important part of the privatization programme. - Reproduced
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Articles
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Indian Institute of Public Administration | Volume no: 68, Issue no: 4 | Available | AR42996 |
This paper seeks to extend our understanding of the nature and effects of privatization to the case of Austria, a relatively small economy in which management buy-outs have been a numerically important but neglected part of the privatization programme. The study reviews the development of privatization in Austria and sets management and employee buy-outs within this context. The paper identifies 35 privatization buy-outs, analysing their form and industrial distribution. Evidence from detailed interviews with the 22 largest is used to analyse the effects of buy-out on corporate change, the role of insiders and performance. Comparisons are made with the UK, where management and employee buy-outs have also been an important part of the privatization programme. - Reproduced
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