OPENING THE BLACK BOX OF PRIVATISATION: AN INSTITUTIONAL FRAMEWORK TO STUDY THE PROCESS OF PRIVATISATION

Kent Springdal

OPENING THE BLACK BOX OF PRIVATISATION: AN INSTITUTIONAL FRAMEWORK TO STUDY THE PROCESS OF PRIVATISATION

Faculty of Business and Law

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

The argument put forward in this paper is that agency and public choice theories offer a static and “black box” approach to the study of privatisation and hence as such offer an incomplete view of the issues that privatisation raises for an organisation. In contrast, it is argued that in so far as ownership and competition are important, they impact on performance through an internal adjustment process. This study further shows that an organisation which has functioned as a de facto or de jure government or municipal agency (even if financed by fees) for a long period of time has, as a rule, developed characteristics and behavioural patterns - that which we call the institutional identity of the organisation - which must undergo a fundamental change if the organisation is to function as a successful company. The mediating factors mentioned before, are the instruments for transforming the old institutional identity to a new one. An institutional conceptual model is then proposed which views privatisation as a transformation process which triggers a series of endogenous changes in a firm’s strategy and organization.
A specific sector of the Swedish economy, information technology (IT) sector, was selected for the purpose of this research.

Original language	English
Title of host publication	British Academy of Management
Publication status	Published - 11 Sept 2002

Cite this

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title = "OPENING THE BLACK BOX OF PRIVATISATION: AN INSTITUTIONAL FRAMEWORK TO STUDY THE PROCESS OF PRIVATISATION",

abstract = "The argument put forward in this paper is that agency and public choice theories offer a static and “black box” approach to the study of privatisation and hence as such offer an incomplete view of the issues that privatisation raises for an organisation. In contrast, it is argued that in so far as ownership and competition are important, they impact on performance through an internal adjustment process. This study further shows that an organisation which has functioned as a de facto or de jure government or municipal agency (even if financed by fees) for a long period of time has, as a rule, developed characteristics and behavioural patterns - that which we call the institutional identity of the organisation - which must undergo a fundamental change if the organisation is to function as a successful company. The mediating factors mentioned before, are the instruments for transforming the old institutional identity to a new one. An institutional conceptual model is then proposed which views privatisation as a transformation process which triggers a series of endogenous changes in a firm{\textquoteright}s strategy and organization.A specific sector of the Swedish economy, information technology (IT) sector, was selected for the purpose of this research. ",

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N2 - The argument put forward in this paper is that agency and public choice theories offer a static and “black box” approach to the study of privatisation and hence as such offer an incomplete view of the issues that privatisation raises for an organisation. In contrast, it is argued that in so far as ownership and competition are important, they impact on performance through an internal adjustment process. This study further shows that an organisation which has functioned as a de facto or de jure government or municipal agency (even if financed by fees) for a long period of time has, as a rule, developed characteristics and behavioural patterns - that which we call the institutional identity of the organisation - which must undergo a fundamental change if the organisation is to function as a successful company. The mediating factors mentioned before, are the instruments for transforming the old institutional identity to a new one. An institutional conceptual model is then proposed which views privatisation as a transformation process which triggers a series of endogenous changes in a firm’s strategy and organization.A specific sector of the Swedish economy, information technology (IT) sector, was selected for the purpose of this research.

AB - The argument put forward in this paper is that agency and public choice theories offer a static and “black box” approach to the study of privatisation and hence as such offer an incomplete view of the issues that privatisation raises for an organisation. In contrast, it is argued that in so far as ownership and competition are important, they impact on performance through an internal adjustment process. This study further shows that an organisation which has functioned as a de facto or de jure government or municipal agency (even if financed by fees) for a long period of time has, as a rule, developed characteristics and behavioural patterns - that which we call the institutional identity of the organisation - which must undergo a fundamental change if the organisation is to function as a successful company. The mediating factors mentioned before, are the instruments for transforming the old institutional identity to a new one. An institutional conceptual model is then proposed which views privatisation as a transformation process which triggers a series of endogenous changes in a firm’s strategy and organization.A specific sector of the Swedish economy, information technology (IT) sector, was selected for the purpose of this research.

M3 - Conference contribution

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