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dc.contributor.authorSarkar, S.
dc.contributor.authorSensarma, R.
dc.date.accessioned2011-05-31T12:54:18Z
dc.date.available2011-05-31T12:54:18Z
dc.date.issued2010
dc.identifier.citationSarkar , S & Sensarma , R 2010 , ' Partial privatization and bank performance : evidence from India ' , Journal of Financial Economic Policy , vol. 2 , no. 4 . https://doi.org/10.1108/17576381011100838
dc.identifier.issn1757-6385
dc.identifier.otherPURE: 79977
dc.identifier.otherPURE UUID: d566b0db-f09f-4585-a1b1-4ea0bedd81ac
dc.identifier.otherdspace: 2299/5869
dc.identifier.urihttp://hdl.handle.net/2299/5869
dc.descriptionOriginal article can be found at : http://www.emeraldinsight.com Copyirght Emerald Group Publishing
dc.description.abstractThis paper examines the impact of partial privatization on performance of state-owned banks using data from the Indian banking industry during the period 1986-2003. We test the hypothesis that privatization leads to improvement in performance even when the government retains controlling stakes. Employing the technique of stochastic frontier analysis, we obtain bank-specific estimates of total factor productivity which we consider as a measure of performance along with four accounting measures. We then employ panel regression models to assess the impact of partial privatization on these performance indicators. We find that partial privatization resulted in significant improvement in performance of state-owned banks. This finding is robust to alternative model specifications and different techniques for controlling potential selection bias. The results suggest that faced with political opposition to full privatization, even if the government does not relinquish control, the exposure to market discipline through partial privatization may be an effective way of improving performance of state-owned banks.en
dc.language.isoeng
dc.relation.ispartofJournal of Financial Economic Policy
dc.rightsOpen
dc.subjectbanking
dc.subjectpartial privatization
dc.subjectstochastic frontier
dc.subjectproductivity
dc.subjectperformance
dc.titlePartial privatization and bank performance : evidence from Indiaen
dc.contributor.institutionHertfordshire Business School
dc.description.statusPeer reviewed
dc.relation.schoolHertfordshire Business School
dcterms.dateAccepted2010
rioxxterms.versionofrecordhttps://doi.org/10.1108/17576381011100838
rioxxterms.typeJournal Article/Review
herts.preservation.rarelyaccessedtrue
herts.rights.accesstypeOpen


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